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 ...

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On a reported basis, net sales declined 1.4% year over year to $20.3 billion due to lower organic sales and unfavorable currency impacts. Organic net sales were down 0.6% year over year due to a decline in volume partly offset by a favorable price mix. The company witnessed organic sales decline of 21% and 3% in LAC and North America, respectively. However, organic sales improved 3%, 4% and 12%, respectively, in Europe, Asia Pacific and Africa. Shares of the Zacks Rank #4 (Sell) company have lost 28.2% in t ...

Shares of the liquor company pulled back on a weak earnings report. The consumer slowdown hits Diageo On the bottom line, Diageo also struggled. Adjusted operating profit fell 5% on an organic basis to $5.9 billion, and the company reported adjusted earnings per share of $1.80, down from $1.97 in 2023. Shares of Diageo (DEO -5.20%), the diversified alcohol leader and parent of brands like Johnnie Walker and Guinness, were pulling back today after the company posted disappointing results in its second-quarte ...

Diageo American depositary receipts (ADRs) are plunging Tuesday as its full-year sales through June were dragged lower by declines in Latin America and the Caribbean (LAC) and a weak North American market. CEO Debra Crew said Europe, Africa, and Asia Pacific growth was "resilient," but "materially weaker" LAC sales and a "cautious consumer environment" in North America weighed on results. The company, whose brands include Johnny Walker, Guinness and Smirnoff, reported yearly net sales declined 1.4% to $20.3 ...

Diageo's share price plunged after the drinks giant announced its first sales reversal since the depths of the Covid-19 pandemic. Net sales reversed to $20.3 billion during the 12 months to June, Diageo said, a 1.4% year on year reversal. This was "due to an unfavourable foreign exchange impact and organic net sales decline, partially offset by hyperinflation adjustments," it commented. Revenues were hammered by a disappointing performance in Diageo's Latin America and Caribbean (LAC) territory. Organic net ...

John Morrissey serves pints of Guinness at a traditional Irish pub in Dublin on May 21, 2024, in Dublin, Ireland. Shares of spirits giant Diageo tumbled more than 10% on Tuesday morning, after the Johnnie Walker-maker posted its first sales decline since the start of the pandemic. The London-based company said organic net sales dropped 0.6% in the full-year to June 30, largely due to weakness in the Latin America and Caribbean region. Reported net sales were down 1.4%. Guinness, the Irish stout that gained ...

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Nagalski Diageo (NYSE:DEO) has been on my radar for a long time. The name may not be a household name, but the brands definitely are, including some well-established like Guinness, Johnny Walker and Don Julio, and some up-and-comers like Casamigos (known as George Clooney's Tequila) and Aviation Gin (known as Ryan Reynolds' Gin). Somehow I never managed to deep dive into Diageo's financials because I would see its historical Price to Earnings Ratio (P/E) and think that 20 to 25 was too rich - even knowing t ...

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