Diageo publishes fiscal 2027 Q1 trading statement transcript
DEO•Diageo retained its guidance for broadly flat organic net sales and low- to mid-single-digit organic operating profit growth. First-quarter organic net sales excluding EABL rose 0.6%, while reported net sales increased 1.2% to $4.9 billion.
1. Quarterly trading
Diageo’s fiscal 2027 first-quarter trading call featured CEO Dave Lewis, CFO Nik Jhangiani and investor-relations head Sonya Ghobrial. North American organic net sales fell 3.6%, with tequila brands and Crown Royal remaining under pressure. Lewis expects most US turnaround initiatives outlined in August to take about 12 months to deliver material benefits.
