Diageo PLC (DEO,GUI.DE,DGE.L) reported that its third quarter reported net sales increased 2.3% to $4.5 billion, reflecting a positive hyperinflation adjustment, partially offset by the impact of disposals and limited impact from foreign exchange.Organic net sales grew 0.3% in the quarter. The company said its 2026 full-year outlook remains unchanged.
Sir Dave Lewis, CEO, said: "We are pleased with the strong growth across Europe, LAC and Africa. North America remains our biggest challenge, where market conditions are soft and our offer needs to be more competitive. Actions are already underway to address this."
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.