Diageo Issues Q3 Sales Data & Other Updates, Organic Sales Rise 5.9%

Diageo plc (DEO) reported net sales data for third-quarter fiscal 2025 and issued other updates. On a reported basis, net sales of $4.4 billion jumped 2.9% year over year, due to organic growth, partly offset by foreign exchange headwinds and disposals. The Zacks Consensus Estimate is currently pegged at $4.1 billion.Organic net sales climbed 5.9% year over year, with robust organic volumes increasing 2.8% and favorable price/mix of 3.1%. Significant phasing gains are likely to have contributed almost 4% to ...