Diageo reports growth in quarterly organic net sales
Diageo posted a 0.3 percent rise in quarterly organic sales, beating expectations. The firm kept its 2026 forecast as international gains offset U.S. weakness.
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DIAGEO PLC reported 0.3% organic net sales growth for the quarter ending March, maintaining its fiscal 2026 outlook on Wednesday morning. The result beat analyst expectations of a 2.3% decline in organic net sales, according to a company-compiled poll. Resilient demand in Europe and Latin America is currently balancing persistent consumption headwinds in the United States.
Growth in international markets provided a buffer against a slowing American spirits market. The 0.3% increase follows a period of heightened volatility for the London-listed distiller.
