Description
(AWP Alliance News) - Diageo reiterated its fiscal 2027 outlook for broadly flat organic net sales and low- to mid-single-digit organic operating profit growth during its first-quarter trading call on November 5, 2026. CEO Sir Dave Lewis, CFO Nik Jhangiani and Head of Investor Relations Sonya Ghobrial attended the call. First-quarter organic net sales excluding EABL rose 0.6%, while North American sales fell 3.6% amid continued market weakness.
Lewis warned that most North American turnaround initiatives would take about 12 months from their August presentation to deliver material benefits, with packaging changes still pending. Free cash flow guidance remained around USD 2 billion after exceptional costs, excluding EABL.
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Disclaimer: This news brief was created using generative artificial intelligence. Diageo plc published the original content used to generate this news brief on November 06, 2026, and is solely responsible for the information contained therein.
