Kane's Beverage News Daily

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

"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%)

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