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Diageo

DEO · Consumer Staples

Last earnings Aug 18, 2026

Key results

Basic EPSquarter

26.3%

Basic earnings per share declined 26.3% from 105.9 cents to 78.1 cents mainly due to exceptional restructuring costs and impairment charges.

SEC original ↗Diageo — Earnings release (6-K exhibit)EX-99Aug 18, 2026

AI analysis

Latest earnings event · reported Aug 18, 2026

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Headline figures

MetricLatest earnings eventPrior qtrYear ago
Basic EPS26.3%——

EX-99 · Aug 18, 2026

Guidance · company-stated

Direction: Raised

Company outlook — Raised

“Delivery on our financial guidance will result in significantly increased financial flexibility from fiscal 28.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Dividend2022 Percent

(3) Includes recommended final dividend of 30c for fiscal 26.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Diageo — Earnings release (2026-08-18)

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Guidance & outlook

Direction: Raised

Company outlook — Raised (“increased”)
“Delivery on our financial guidance will result in significantly increased financial flexibility from fiscal 28.”

Classified from the release's primary full-year outlook statement.

Capital allocation

(3) Includes recommended final dividend of 30c for fiscal 26.

SEC original ↗Diageo — Earnings release (6-K exhibit)EX-99Aug 18, 2026

Steps included improving operating cash flow, progressing strategic disposals and taking the necessary decision to reduce the dividend.

SEC original ↗Diageo — Earnings release (6-K exhibit)EX-99Aug 18, 2026

We know the dividend is important to our shareholders, and the Board did not take its decision to change the dividend policy lightly.

SEC original ↗Diageo — Earnings release (6-K exhibit)EX-99Aug 18, 2026

The launch of Smirnoff Crush in Great Britain followed its success in North America and Australia where 72% of consumers repurchased after initial trial.

SEC original ↗Diageo — Earnings release (6-K exhibit)EX-99Aug 18, 2026

Total shareholder return (TSR) (%) (14)% (14) (24) (24) (2) 4 2026 2025 2024 2023 2022 Percentage growth in the value of a Diageo share (assuming all dividends and capital distributions are re-invested).

SEC original ↗Diageo — Earnings release (6-K exhibit)EX-99Aug 18, 2026

Over time, ROIC reflects optimised returns, as the returns Diageo generates from its asset base are both reinvested in the business and used to generate returns for investors through dividends and return of capital programmes.

SEC original ↗Diageo — Earnings release (6-K exhibit)EX-99Aug 18, 2026

Strategy & priorities

Strategic report Governance report Financial statements Additional information 3 Diageo Annual Report 2026 Performance highlights A year of change This has been a year of significant change for Diageo, but one in which we have taken important steps to drive the company s transformation.

SEC original ↗Diageo — Earnings release (6-K exhibit)EX-99Aug 18, 2026

I would like to thank Nik Jhangiani for his leadership as Interim Chief Executive while the Board and I focused on that process.

SEC original ↗Diageo — Earnings release (6-K exhibit)EX-99Aug 18, 2026

In early August, he updated both our employees and then investors on his plans and strategy.

SEC original ↗Diageo — Earnings release (6-K exhibit)EX-99Aug 18, 2026

This strategy sets out some of the significant moves that are already being implemented across the business, including changes to the operating framework to make Diageo more competitive.

SEC original ↗Diageo — Earnings release (6-K exhibit)EX-99Aug 18, 2026

Strategic report Governance report Financial statements Additional information 4 Diageo Annual Report 2026 Chair's statement Under Dave and his leadership team, the Board is confident that Diageo is on the right path to returning to consistent growth and delivering stronger shareholder returns.

SEC original ↗Diageo — Earnings release (6-K exhibit)EX-99Aug 18, 2026

Risks & headwinds

Organic operating profit increased by 2.0%, with organic operating profit margin up 116bps, mainly due to the benefit of cost savings, partly offset by adverse mix and tariffs.

SEC original ↗Diageo — Earnings release (6-K exhibit)EX-99Aug 18, 2026

The operating environment has remained volatile, largely owing to continued macroeconomic and geopolitical uncertainty.

SEC original ↗Diageo — Earnings release (6-K exhibit)EX-99Aug 18, 2026

Whilst we continue to face challenges, spirits remain an attractive and resilient category, with growth in Europe, LAC, Africa and Asia Pacific (when excluding Chinese White Spirits).

SEC original ↗Diageo — Earnings release (6-K exhibit)EX-99Aug 18, 2026

North America has continued to experience softer demand, while geopolitical uncertainty, including ongoing conflict in the Middle East and tensions affecting global trade, have added further complexity.

SEC original ↗Diageo — Earnings release (6-K exhibit)EX-99Aug 18, 2026

There remains much to do, and we do not underestimate the challenges ahead.

SEC original ↗Diageo — Earnings release (6-K exhibit)EX-99Aug 18, 2026

In 2026 we have reduced leverage to 3.1x, with the expected sale of EABL and the completion of the Royal Challenges Bengaluru cricket team (both expected to close in H2 calendar 2026) we expect to see leverage be around 2.75x in fiscal 27.

SEC original ↗Diageo — Earnings release (6-K exhibit)EX-99Aug 18, 2026

Documents

Earnings deck slides

1 deck with slide view

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

British American Tobacco (BTI) Consumer StaplesJBS N.V. (JBS) Consumer StaplesAltria (MO) Consumer StaplesCostco (COST) Consumer StaplesSanfilippo John B & Son Inc. (JBSS) Consumer StaplesPhilip Morris International (PM) Consumer StaplesDollar General (DG) Consumer StaplesFEMSA (FMX) Consumer Staples

Filings

63 documents

Earnings releases

1 document

Presentations

1 document

Transcripts

0 documents

No transcripts for Diageo are held in this edition of the library.

Mentioned by

2 companies

Other tracked companies whose held documents mention Diageo by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.