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# Kane's Beverage News Daily
- URL: https://bevnews.net/kanes-beverage-news-daily-3/
- Published: 2026-08-07T10:00:50.000Z
- Updated: 2026-08-07T10:00:51.000Z
- Author: Joel Whitaker
- Tags: Newsletter

***Good Morning, and Happy Friday, August 7, 2026\. Today we are focused exclusively on Diageo - it's earnings and turnaround plan.***

## [How Dave Lewis Is Reshaping Diageo](https://bevnews.net/how-dave-lewis-is-reshaping-diageo/)

"We are not buying. We are not selling. This is an organic turnaround. And basically, we have what we need to turn the business around."

## [Diageo Profit Plunged 26% in Year as Net Sales Eased 3% (Organic Sales -2%)](https://bevnews.net/diageo-profit-plunged-26-in-year-as-net-sales-eased-3-organic-sales-2/)

**Diageo plc** reports for the year ended June 30 net profit of $1.96 billion, or 78.1 cents a share, on net sales of $19.64 billion. Volume eased 0.4% resulting in a negative price/mix of 1.6%.

***Thanks for reading. I'll be back tomorrow with more about Diageo's turnaround plans. – Joel***