05:20 AM EST, 02/25/2026 (MT Newswires) -- Diageo ( DEO ) reported fiscal H1 adjusted earnings Wednesday of $0.953 per share, down 2.5% from a year earlier.

Net sales for the six months ended Dec. 31 were $10.46 billion, down 4% from a year earlier.

Analysts polled by FactSet expected $10.53 billion.

For fiscal 2026, the company now expects organic net sales to be down 2% to 3%. Previously, Diageo ( DEO ) projected full-year net sales to be flat to slightly down.

The company set an interim dividend of $0.20 per share, compared with 2025 fiscal H1 dividend of $0.405, to be paid to holders as of April 17.

Diageo ( DEO ) shares were down 5.3% in recent premarket activity.