Diageo Q3 Net Sales Rise 2.3% to $4.5 Billion with Organic Growth
DEO•Diageo reported Q3 net sales of $4.5 billion, up 2.3% year-on-year with organic growth of 0.3%, reversing a prior 4% half-year decline. Sales volumes rose 0.4% despite a slight price and mix drag, and management remains confident in meeting full-year targets.
1. Third Quarter Sales Rebound
Diageo achieved net sales of $4.5 billion in the quarter to March 31, marking a 2.3% increase versus the prior year and delivering organic growth of 0.3%. This turnaround follows a 4% net sales decline in the first half, with sales volumes up 0.4% even as slight price and mix headwinds emerged.
2. Confident Full-Year Outlook
Despite ongoing softness in North America, Diageo’s leadership highlighted sustained momentum across other regions and affirmed confidence in achieving full-year sales objectives based on the quarter’s positive trends.
