Diageo PLC (NYSE:DEO) Q2 2024 Earnings Conference Call January 30, 2024 12:45 PM ET Company Participants Debra Crew - CEO Lavanya Chandrashekar - CFO Conference Call Participants Debra Crew Good morning, everyone. Thank you for joining our results presentation for the first half of fiscal '24. As we shared in November, we expected that the first half of fiscal '24 was going to see slower growth than the second half of fiscal '23, due to materially weaker performance in LAC, our Latin American Region, which ...

Photo by Brian Ach/Getty Images for Diageo Beer Company USAGetty Images for Diageo Beer Company USADiageo’s share price dropped again as the drinks manufacturer reported continued stress in its Latin America and Caribbean (LAC) territory in its half-year update.At £27.30 per share, the FTSE 100 company was trading 3.8% lower in Tuesday business.Reported net sales dropped 1.4% during the six months to December, to $11 billion, while on an organic basis sales reversed 0.6% year on year.LAC sales slumped 18% a ...

Diageo PLC (LSE:DGE) on Tuesday reported a drop in half-year revenue and operating profit reflecting a 23% decline in Latin America & Caribbean (LAC) sales. The owner of Guinness, Johnnie Walker and Smirnoff said sales in the half-year ended December fell 1.4% to $11.0 billion, with organic sales down 0.6%, driven by a 23% decline in LAC. Excluding LAC, organic net sales grew 2.5%, driven by Asia Pacific, Africa and Europe, partially offset by a 1.5% decline in North America. Reported operating profit in th ...

United Kingdom corporation Diageo announced its 2024 interim results before markets opened on January 30th. Diageo (DGE on the FTSE stock exchange in London) is one of the world’s premier brands in the alcoholic drinks space. Well-known names in the space such as Guinness, Smirnoff and Gordon’s all fall under Diageo’s banner, which has been in existence itself for hundreds of years. Nevertheless, the company announced less-than-intoxicating results, including net sales and volumes that were below expectatio ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 30 January 2024 Commission File Number 1-10691 DIAGEO plc (Translation of registrant's name into English) 16 Great Marlborough Street, London W1F 7HS, England (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Fo ...

BalkansCat Dear subscribers The time has come for me to update my thesis on Diageo (NYSE:DEO), one that I started a few years ago when I invested in the company. I then went ahead and sold my position during what I viewed as overvaluation for this business back in late 2022, taking home a good amount of 35-40% RoR with dividends. I then put the company on my watchlist and followed it with great interest to be able to "get back in" at an attractive overall valuation to ensure a good long-term upside. As ...

Diageo PLC (LSE:DGE) on Friday led the FTSE 100 risers after investors took heart from results from LVMH and Remy Cointreau. LVMH’s Wines & Spirits business delivered organic sales growth in the fourth quarter after declining in the two previous quarters.  Bank of America described the performance from the division as “the biggest positive surprise” in the quarter with 4% revenue growth after two quarters of >20% declines. The bank noted  management stated the "worst of cognac demand behind us". Meanwhile, ...

Diageo Plc (DEO) is scheduled to release interim results for the first half of fiscal 2024 on Jan 30. The company has been witnessing solid business momentum, strong consumer demand and market share gains, which have been boosting its performance. DEO is anticipated to have retained the strength in its business on constant premiumization efforts and favorable industry trends, particularly in the spirits category.Notably, the alcoholic beverage company, which reports on a half-yearly basis, posted strong top ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION 16 Great Marlborough Street, London W1F 7HS, England (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F☒ Form 40-F ☐ 1 Diageo Re-presented unaudited historical financial information WASHINGTON, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 9 October 2023 Commission F ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: 30 June 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 D ...