Diageo publishes 2026 annual report
DEO•Restructuring program and expected savings
Diageo said its restructuring program is set at USD 1.2 billion to deliver USD 1 billion in annual savings, with proceeds earmarked for reinvestment and balance sheet repair.
Leadership transition and regional performance
Leadership transition was completed with Sir Dave Lewis taking over as chief executive in January, replacing interim chief executive Nik Jhangiani.
Performance improved in Europe, Latin America, and Africa, offset by a weaker North America market and disruption in Chinese white spirits.
Annual report outlines strategy and operating overhaul
Diageo published its Annual Report 2026, outlining a new strategy and operating overhaul to restore competitiveness and lift shareholder returns.
The company said the turnaround plan targets sharper customer execution, tighter portfolio price-pack architecture, a renewed focus on spirits including RTDs, and continued Guinness expansion.
