Diageo Q3 Sales Up 2.3% to $4.5B; FY26 Guidance Unchanged
Diageo’s third quarter net sales rose 2.3% to $4.5 billion, driven by hyperinflation adjustments and 0.3% organic growth despite disposals. The company maintained its FY26 sales guidance and highlighted strong growth in Europe, Latin America and Africa while initiating measures to address ongoing North American weakness.
1. Q3 Sales Performance
Diageo reported third-quarter net sales of $4.5 billion, marking a 2.3% year-on-year increase. Organic net sales grew 0.3%, supported by positive hyperinflation adjustments and partially offset by the impact of disposals, with foreign exchange effects remaining minimal.
2. Regional Results
Europe, Latin America and Africa delivered strong organic growth that offset softness in North America. While overall sales volumes rose 0.4%, price and mix factors declined slightly due to competitive market conditions in the U.S.
3. Guidance for FY26
The company reaffirmed its full-year FY26 sales guidance, expressing confidence that current strategies and market dynamics will support its targets despite regional disparities.
4. CEO Statements and Actions
CEO Sir Dave Lewis noted strong performance in key developing markets and outlined measures to enhance competitiveness in North America, including portfolio optimization, pricing adjustments and market-specific promotional initiatives.