Diageo (DEO) shares have portrayed a dismal performance on the bourses since the start of 2024. The stock pullback stems from the troubles faced in the company's key markets, including the Latin America and Caribbean (LAC) and North America. The gloomy outlook for these segments has hurt investors' sentiments for the stock. Shares of this London-based alcohol company have lost 8.4% in the year-to-date period compared with a 7.2% decline in the broader industry and 10.9% growth in the Consumer Staples sector ...

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Join the Nation's Most Exciting Cocktail Celebration, September 19 - 29 NEW YORK, Sept. 16, 2024 /PRNewswire/ -- The highly anticipated Mr Black Espresso Martini Fest is back for its third year, inviting cocktail enthusiasts across the country to embark on a journey of flavor and innovation from September 19th through 29th. This year's festival promises to be the most exciting yet, with over 250 bars nationwide showcasing their creativity through an array of Espresso Martini variations. The Mr Black third a ...

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FocusEye/E+ via Getty Images Dear subscribers, Sometimes you can't help being thrilled about some of the drops you see on the market. This is one of those times. If you follow my work, you know that I've already established a large position (and growing) in the British company Diageo - a distiller/vintner with a world-leading position in certain key areas. I have been expanding my Diageo (NYSE:DEO) position for a number of months at this point. I started investing when I believed the company to be cheap, bu ...

- 10 0.0 11 11 BalkansCat Investment Thesis Diageo (NYSE:DEO) remains a strong player in the alcoholic beverages industry despite facing near-term challenges, including weaker-than-expected H2 2024 results due to FX impacts, lower average selling prices, and moderate global consumer demand. While the company has revised down its revenue and EBITDA forecasts for 2025, its strategic focus on premiumization and brand promotion in growth markets like Asia positions it well for future profitability. Additionally ...

monticelllo/iStock Editorial via Getty Images On 30/07/2024, Diageo plc (NYSE:DEO)(OTCPK:DGEAF) reported its fiscal year 2024 results. At the time of writing, the company's share price is down by more than 5%. Our team firmly believes this decline is unjustified. In our follow-up coverage, we recognized near-term challenges in the LatAm region And Destocking Activities; however, we support Diageo's equity story, thanks to 1) the Chinese and Indian subsidiaries' performance, 2) a quality asset-based portfoli ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading symbol(s) Name of each exchange on which registered American Depositary Shares DEO New York Stock Exchange Ordinary shares of 28 101 /108 pence each New York Stock Exchange (i) 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: ...

Financial Performance - Diageo reported net sales of $20,269 million for fiscal 2024, a decrease of 1% compared to $20,555 million in 2023[4]. - Operating profit for fiscal 2024 was $6,001 million, reflecting an 8% increase from $5,547 million in 2023[4]. - Free cash flow for fiscal 2024 was $2,609 million, up from $2,235 million in 2023, marking a 17% increase[3]. - Earnings per share (EPS) decreased to 173.2 cents in fiscal 2024 from 196.3 cents in 2023, representing a 12% decline[3]. - Total Shareholder Return (TSR) for fiscal 24 was -24%, while the ten-year TSR remained at 6%[27]. - The company increased its dividend by 5%, reflecting confidence in long-term potential[27]. - Profit for the year was $4,166 million in 2024, down from $4,479 million in 2023[175]. - The company reported a basic earnings per share of 173.2 cents[104]. - Return on average invested capital (ROIC) decreased to 15.8%, down 255 basis points mainly due to lower operating profit and increased capital expenditure[98]. Market Strategy and Growth - Diageo aims to increase its Total Beverage Alcohol (TBA) market share from 4% to 6% by 2030, with a current value share of 4.5%[17]. - The spirits category has grown at a compound annual growth rate (CAGR) of 5.1% over the past decade, indicating strong market dynamics[17]. - Diageo's portfolio includes 13 billion-dollar brands, with a strong presence in scotch, vodka, tequila, and gin[13]. - The company plans to become the global leader in whisk(e)y and tequila, leveraging local portfolios and driving growth in Guinness[66]. - Diageo aims to recruit approximately 550 million new legal purchase age consumers into the TBA market by 2033[76]. - The company is committed to adapting to emerging consumer tastes and social occasions to unlock growth opportunities[51]. - Diageo's marketing investment in the region was $235 million, reflecting a 13% decline[154]. Sustainability and Social Responsibility - Diageo's greenhouse gas emissions decreased by 23.8% compared to the previous year, reflecting its commitment to sustainability[6]. - The 'Spirit of Progress' ESG action plan has been refreshed to focus on reducing harmful alcohol use, combating water stress, and addressing climate change[29]. - Diageo is committed to replenishing more water than it uses in its tequila operations in Mexico by 2026, having already replenished over 470,000 cubic meters of water in fiscal 24[30]. - The company aims to enhance water efficiency and reduce greenhouse gas emissions as part of its sustainability strategy[188]. - By fiscal 24, approximately 2.2 million people participated in the SMASHED program, with 1.8 million confirming changed attitudes towards underage drinking[197]. - The company promotes positive drinking through its 'Spirit of Progress' strategy, focusing on education and moderation[195]. Operational Efficiency - The company achieved nearly $700 million in productivity savings, exceeding its three-year productivity goal by $200 million[44]. - Free cash flow generated was $2.6 billion, supported by strong working capital management[29]. - The company has committed to a productivity target of $2 billion over the next three years (fiscal 25-27) through enhanced cost management and supply chain agility[83]. - The company implemented a new Advanced Planning Tool (OMP) across its tequila asset base to enhance supply chain efficiency and respond to demand fluctuations[91]. Regional Performance - In North America, Don Julio tequila grew 15 times faster than the total US spirits industry, and Guinness was the fastest-growing imported beer in the on-trade[47]. - Diageo's organic net sales declined by 0.6% in fiscal 24, primarily due to weaker performance in the Latin America and Caribbean (LAC) region, which accounts for 8% of its organic net sales value[44]. - Reported net sales in Latin America & Caribbean declined 15%, with organic net sales down 21% due to soft demand for international premium spirits and inventory adjustments[151]. - Africa reported net sales of $2,039 million, reflecting a 13% decline, primarily due to unfavorable foreign exchange impacts, while organic net sales grew by 12%[154]. Innovation and Product Development - The company launched its first alcohol-free dark spirit, Captain Morgan Spiced Gold 0.0%, in fiscal 2024[9]. - The global growth of Guinness 0.0 supports increased consumer demand for moderation options, with three of the five largest 0.0 brands globally being Diageo's[78]. - The partnership between Mortlach and Philippe Starck was announced, generating attention for product launches in fiscal 25[78]. - Smirnoff SMASH Tea and Captain Morgan Sliced executed fast launches in North America, winning share in the convenience category[78]. Employee Engagement and Diversity - Employee engagement levels remain high at 81%, with 89% of employees expressing pride in working for Diageo[31]. - The percentage of female leaders globally within Diageo remained stable at 44%[6]. - The company has 40% of its Board and 46% of its leadership from ethnically diverse backgrounds, achieving its 45% leadership representation goal ahead of 2030[92].

Diageo PLC (NYSE:DEO) Preliminary Q4 2024 Q&A Conference Call July 30, 2024 4:30 AM ET Company Participants Debra Crew - CEO Lavanya Chandrashekar - CFO Conference Call Participants Simon Hales - Citi Edward Mundy - Jefferies Celine Pannuti - JPMorgan Mitch Colett - Deutsche Bank Olivier Nicolai - Goldman Sachs Sanjeet Aujla - UBS James Edwardes Jones - RBC Laurence Wyatt - Barclays Sarah Simon - Morgan Stanley Jeremy Fialko - HSBC Fintan Ryan - Goodbody Operator Good morning and welcome to Diageo's F24 Pre ...