Diageo reported preliminary fiscal 2026 results with pre-exceptional earnings per share rising 0.7% year over year to 165.3 cents. Reported net sales declined 3% to $19.6 billion, while organic net sales fell 2%, pressured by an 8.4% organic net sales decline in North America, partly offset by growth in Europe, Latin America, and Africa. Organic operating profit increased 2%, helped by $540 million in savings from the Accelerate program, and free cash flow rose to $3.2 billion. The company recorded $1.5 billion in impairment charges and $0.9 billion in restructuring costs, and expects fiscal 2027 organic net sales to be broadly flat with North America organic net sales declining in the mid-single-digit range.
Diageo PLCNorth America organic net sales declined 8.4%, weighing on overall sales.
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