Earnings ·
Diageo reports Q1 net sales of $4.9bn, up 1.2%, with full-year guidance unchanged
DEODiageo PLC
Diageo reported first-quarter fiscal 2027 net sales of $4.93 billion, a 1.2% increase from the prior year period. Organic growth was 1.4%, driven by mid-single-digit gains in Latin America and Asia Pacific, while North American organic sales declined mid-single-digit due to market softness. The company reiterated its full-year guidance for broadly flat organic net sales growth and low-to-mid-single-digit operating profit growth. Diageo operates as a global leader in beverage alcohol with iconic brands across spirits and beer categories.