Diageo is reshaping its portfolio and investment priorities to restore sustainable growth after fiscal 2026 organic net sales fell 2% year over year, with North America down 8.4% and tequila declining about 21% amid weakness in Casamigos and Don Julio. Organic operating profit rose 2%, while Diageo Beer Company grew around 4% led by Guinness and Smirnoff RTD. The company plans roughly $1 billion in operating-framework and supply-chain savings to fund innovation and brand investment, and for fiscal 2027 expects broadly flat organic net sales with North America down mid-single digits and organic operating profit up low to mid-single digits. For fiscal 2027-2029, management targets low-single-digit organic sales CAGR, mid-single-digit organic operating profit growth, and cumulative free cash flow of $8 billion.
Diageo PLCFiscal 2026 organic net sales fell 2% with North America down 8.4% and tequila declining about 21%.
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