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Here's What's in Store for Diageo (DEO) in 1H24 Earnings
Zacks Investment Research· 2024-01-24 15:01
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 ...
Diageo(DEO) - 2023 Q4 - Annual Report
2023-10-09 16:00
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 ...
Diageo(DEO) - 2023 Q4 - Annual Report
2023-08-02 16:00
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 ...
Diageo(DEO) - 2023 Q2 - Quarterly Report
2023-01-26 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 26 January 2023 Commission File Number: 001-10691 DIAGEO plc (Translation of registrant's name into English) 16 Great Marlborough Street, London, United Kingdom, W1F 7HS (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. ...
Diageo(DEO) - 2023 Q2 - Earnings Call Transcript
2023-01-26 13:32
Diageo PLC (NYSE:DEO) Q2 2023 Earnings Conference Call January 26, 2023 4:30 AM ET Company Participants Ivan Menezes - CEO & Executive Director Lavanya Chandrashekar - CFO & Director Conference Call Participants Sanjeet Aujla - Crédit Suisse Pinar Ergun - Morgan Stanley Nik Oliver - UBS Laurence Whyatt - Barclays Bank Edward Mundy - Jefferies Mitchell Collett - Deutsche Bank Simon Hales - Citigroup Celine Pannuti - JPMorgan Chase & Co. Andrea Pistacchi - Bank of America Merrill Lynch Operator Good morning, ...
Diageo(DEO) - 2022 Q4 - Annual Report
2022-08-03 16:00
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 2022 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 ...
Diageo(DEO) - 2022 Q4 - Annual Report
2022-08-03 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 04 August 2022 Commission File Number: 001-10691 DIAGEO plc (Translation of registrant's name into English) 16 Great Marlborough Street, London, United Kingdom, W1F 7HS (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. F ...
Diageo plc (DEO) CEO Ivan Menezes on FY2022 Results - Earnings Call Transcript
2022-07-29 04:10
Financial Data and Key Metrics Changes - Sales increased by 21% with double-digit growth across all regions, driven by a 10% volume increase and an 11-point price/mix growth, with price contributing mid-single-digit growth [3][4] - Diageo's three-year compound annual growth rate (CAGR) for organic net sales was 9%, with North America at 12% and Europe at 6% [4] - The company is now 28% larger than pre-COVID levels in fiscal 2019, with strong gross margin expansion and improvements in operating margin [4][5] Business Line Data and Key Metrics Changes - The Super Premium+ brands grew by 31%, indicating a shift towards premiumization within the portfolio [4] - Marketing and advertising spend increased by 25%, reflecting the company's commitment to brand investment [4][5] Market Data and Key Metrics Changes - The spirits category is expected to continue premiumization trends, with Diageo well-positioned to capture market share in the total beverage alcohol sector [5][20] - Tequila household penetration in the US is growing at 15%, with expectations for continued growth in the category [9][10] Company Strategy and Development Direction - Diageo is focused on long-term investments in production capacity, supply chain agility, and digital capabilities, alongside sustainability goals [5][16] - The company maintains a disciplined capital allocation strategy, prioritizing business investment, M&A, and progressive dividend payouts [15][16] Management's Comments on Operating Environment and Future Outlook - The operating environment is expected to be challenging due to inflation and potential consumer spending power weakening, but the company is confident in its resilience and ability to navigate these challenges [5][20] - Management emphasized the importance of staying close to consumers and leveraging data to respond to market trends [19][20] Other Important Information - Diageo's supply chain agility program aims to enhance resilience and productivity, with a payback period of five years expected [49][50] - The company has successfully navigated supply chain constraints, ensuring product availability despite challenges [29][30] Q&A Session All Questions and Answers Question: Will more pricing be required in fiscal 23 due to cost headwinds? - Management indicated that while mid-single-digit pricing was achieved, they will continue to use revenue growth management strategies to navigate pricing in the future [12][14] Question: What is the outlook for tequila household penetration compared to whisky? - Management expressed optimism about tequila's growth potential, noting strong consumer interest and demographic trends favoring spirits [9][10] Question: How does Diageo view capital allocation and potential re-leveraging? - The company reiterated its commitment to investing in the business, with a focus on marketing and capital expenditures, while also considering M&A opportunities [15][16] Question: What changes in consumer behavior are being observed in the US? - Management reported no significant down-trading trends yet, but they are closely monitoring consumer behavior and market dynamics [27][28] Question: Are there any supply chain issues to be concerned about? - Management acknowledged some constraints on specific products but emphasized their strong supply chain management and relationships with suppliers [29][30] Question: How does Diageo's current position compare to the last recession? - Management highlighted improvements in brand health, data analytics, and agility, positioning the company better than during the last financial crisis [38][39] Question: What is the growth outlook for the RTD category? - Management noted that consumers are willing to pay a premium for ready-to-drink products, indicating strong growth potential in this segment [39][40] Question: What is the outlook for agave supply and pricing? - Management expects agave prices to stabilize over time but noted current strong demand is keeping prices elevated [60][61]
Diageo(DEO) - 2022 Q2 - Earnings Call Presentation
2022-01-27 19:24
DIAGEO Delivering sustainable long-term growth Interim Results Fiscal 22 Ivan Menezes Chief Executive 27 January 2022 DELIVERING SUSTAINABLE LONG-TERM GROWTH Cautionary statements concerning forward-looking statements and non-GAAP financial measures The following presentations contain 'forward-looking' statements, including statements related to the medium term guidance issued on 16 November 2021, future Total Beverage Alcohol market share ambitions and Diageo's expectations of performance for the six month ...
Diageo(DEO) - 2022 Q2 - Earnings Call Transcript
2022-01-27 13:25
Diageo PLC (NYSE:DEO) Q2 2022 Earnings Conference Call January 27, 2022 4:30 AM ET Company Participants Ivan Menezes - CEO Lavanya Chandrashekar - CFO Conference Call Participants Pinar Ergun - Morgan Stanley Sanjeet Aujla - Credit Suisse Simon Hales - Citigroup Mitch Collett - Deutsche Bank Celine Pannuti - JPMorgan Olivier Nicolai - Goldman Sachs Andrea Pistacchi - Bank of America Merrill Lynch Edward Mundy - Jefferies Trevor Stirling - Bernstein Nik Oliver - UBS Jeffrey Stent - BNP Paribas Chris Pitcher ...