financetom
Business
financetom
/
Business
/
Diageo forecasts flat annual sales growth, raises cost-savings target
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Diageo forecasts flat annual sales growth, raises cost-savings target
Aug 4, 2025 11:45 PM

Aug 5 (Reuters) - Diageo ( DEO ), the world's biggest

spirits maker, forecast on Tuesday fiscal 2026 organic sales

growth to be similar to fiscal 2025 including the impact of U.S.

tariffs, and raised its cost-savings target to about $625

million.

The maker of Johnnie Walker whisky and Smirnoff vodka is

looking for a new chief and finance head to turn around its

financial and share performance, and guide it through a plan

announced in May to cut $500 million in costs and make

substantial asset sales by 2028.

"Macroeconomic uncertainty and the resulting pressure on

consumers continues to weigh on the spirits sector," Diageo ( DEO ) said

in its first set of results under interim CEO Nik Jhangiani.

Diageo ( DEO ) said it expects organic sales to fall slightly in the

first half of 2026, with growth more weighted towards the second

half.

(Reporting by Shashwat Awasthi; Editing by Subhranshu Sahu)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Element Solutions Q3 Adjusted Earnings, Net Sales Rise; Shares Drop After Hours
Element Solutions Q3 Adjusted Earnings, Net Sales Rise; Shares Drop After Hours
Oct 28, 2025
05:15 PM EDT, 10/28/2025 (MT Newswires) -- Element Solutions ( ESI ) reported Q3 adjusted earnings late Tuesday of $0.41 per diluted share, up from $0.39 a year earlier. Analysts polled by FactSet expected $0.40. Net sales for the quarter ended Sept. 30 were $656.1 million, up from $645 million a year earlier. Analysts surveyed by FactSet expected $646.8 million....
Transdigm Group Insider Sold Shares Worth $785,761, According to a Recent SEC Filing
Transdigm Group Insider Sold Shares Worth $785,761, According to a Recent SEC Filing
Oct 28, 2025
05:18 PM EDT, 10/28/2025 (MT Newswires) -- Patrick Joseph Murphy, Co-Chief Operating Officer, on October 27, 2025, sold 580 shares in Transdigm Group ( TDG ) for $785,761. Following the Form 4 filing with the SEC, Murphy has control over a total of 1,055 common shares of the company, with 1,055 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1260221/000119312525253835/xslF345X05/ownership.xml ...
Advantage Energy Q3 revenue misses expectations
Advantage Energy Q3 revenue misses expectations
Oct 28, 2025
Overview * Advantage Energy ( AAVVF ) Q3 revenue from nat gas & liquids sales missed analyst expectations * Adjusted funds flow increased, driven by hedging gains Outlook * Company expects Q4 production to average 79,000 to 83,000 boe/d * Advantage plans to reduce 2026 capital spending by $10 mln * Company anticipates $500 mln FCF over next three years...
Terrestrial Energy Inc. Completes Business Combination with HCM II Acquisition Corp.
Terrestrial Energy Inc. Completes Business Combination with HCM II Acquisition Corp.
Oct 28, 2025
Terrestrial Energy to begin trading on the Nasdaq Stock Market under ticker symbol “IMSR” on October 29, 2025 The transaction closed with gross proceeds exceeding $292 million before expenses, reflecting previously placed $50 million common stock PIPE and a negligible level of redemptions Transaction proceeds to accelerate commercial deployment of Terrestrial Energy's proprietary Integral Molten Salt Reactor (IMSR) nuclear technology...
Copyright 2023-2026 - www.financetom.com All Rights Reserved