Diageo 1H'26 Earnings & Sales Decline Y/Y, Organic Sales Drop 2.8%

Key Takeaways Diageo's 1H26 EPS fell 2.5% as organic sales dropped 2.8% and North America remained weak.Tequila slid in the US, with Don Julio and Casamigos down double-digit on consumer downtrading.Diageo sees FY26 organic sales down 2-3% but reiterates $3B free cash flow guidance.Diageo plc (DEO) reported interim results for the first half of fiscal 2026, which ended Dec. 31, 2025, wherein pre-exceptional earnings per share declined 2.5% year over year to 95.3 cents. This was mainly due to reduced organic ...