DIAGEO PLC

Diageo PLC held a Capital Markets Day to detail its strategy for sustainable value creation, announcing plans to achieve approximately $1 billion in savings over the next three years from operating framework redesign and supply chain initiatives. For fiscal 2027, the company expects broadly flat organic net sales growth, with North America sales down mid-single-digit, and organic operating profit growth up low-to mid-single-digit. Over the medium term (fiscal 2027-2029), Diageo projects low-single-digit organic net sales growth and mid-single-digit organic operating profit growth, with cumulative free cash flow of approximately $8 billion.

Diageo PLC reported preliminary results for the year ended June 30, 2026, with reported net sales declining 3.0% to $19.6 billion and organic net sales down 2.0%. Reported operating profit decreased 27.2% due to significant restructuring and impairment charges, while organic operating profit grew 2.0%. The company announced a two-year restructuring program with $0.9 billion in charges for fiscal 2026, aiming for $850 million in savings starting fiscal 2027. Free cash flow improved to $3.2 billion, and a full-year dividend of 50 cents per share was recommended.

Diageo plc announced its total voting rights as of June 30, 2026, which stood at 2,226,584,768. The company also disclosed a rectification of its share register concerning 28,355 Ordinary Shares that were erroneously issued to subsidiaries in 1997. Additionally, several Director/PDMR shareholding transactions were reported, including Sir John Manzoni's acquisition of shares via a Dividend Reinvestment Plan and direct purchase, and multiple Executive Committee members' participation in the Diageo 2001 Share Incentive Plan and One World Share Incentive Plan, involving both share purchases and the award of matching shares.

Diageo PLC announced it will release its full year fiscal 26 preliminary results on Thursday, August 6, 2026, at 11 am UK time. Following the results, the company will host a Capital Markets Day later that afternoon, starting at 1:30 pm UK time. An audio recording and presentation for the results will be available, and the Capital Markets event will be webcast.

Diageo plc reported multiple share transactions by its Directors and Persons Discharging Managerial Responsibilities (PDMRs) in June 2026. These transactions included share purchases by the Chair, participation in the Diageo 2001 Share Incentive Plan and One World Share Incentive Plan by several Executive Committee members, and receipt of shares through a Dividend Reinvestment Plan by various PDMRs. The company also updated its total voting rights as of May 31, 2026.

Diageo plc announced the Sterling equivalent of its interim dividend at 14.94 pence per ordinary share, based on an exchange rate of US$1=£0.74700, with payment scheduled for June 4, 2026. The company also updated its total voting rights to 2,226,585,557 as of April 30, 2026. Additionally, several directors and persons discharging managerial responsibilities (PDMRs) engaged in share transactions throughout May, including purchases by the Chairman and a Non-Executive Director, as well as routine share purchases and awards under various employee incentive plans.

Diageo reported a 0.3% increase in organic net sales for the third quarter of fiscal 2026, reaching $4.477 billion. The company experienced strong growth in Europe, Latin America and Caribbean, and Africa, which was largely offset by a high-single-digit decline in North America and a slight decline in Asia Pacific. Despite the mixed regional performance, Diageo reiterated its fiscal 26 guidance for organic net sales to be down 2-3% and organic operating profit to be flat to up low-single-digit. The Accelerate program remains on track to deliver approximately $300 million in savings.