Diageo responds to falling profit with $1bn cost saving plan
Diageo has revealed reported operating profit down 27.2%, with organic operating profit growth of 2% offset mostly by exceptional restructuring costs and impairment charges.
The drinks group's preliminary results for the year ended 30 June 2026 showed growth in Europe, Latin America, the Caribbean and Africa, offset by weakness in North America and Asia Pacific.
Organic net sales declined 2%, with volume down 0.4% on an unfavourable price/mix of 1.6%. This was primarily as a result of adverse US Spirits performance and weaker re... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
