Diageo stock keeps fiscal 2027 outlook after Q1 sales growth

Published on 11/10/2026 at 18:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Diageo stock posted first-quarter growth as international markets offset North American weakness. Management kept its full-year outlook unchanged.

First-quarter growth and outlook

Reported net sales rose 1.2% to 4.931 billion US dollars in the quarter ended September 30, 2026.
Organic net sales increased 0.6% excluding East African Breweries, while North American organic net sales fell 3.6%.
Diageo expects broadly flat organic net sales and low- to mid-single-digit organic operating profit growth in fiscal 2027.

Diageo, GB0002374006, Illustration mit AI erstellt.

Diageo reported fiscal 2027 first-quarter results on November 5, with reported net sales up 1.2% year over year to 4.931 billion US dollars for the three months ended September 30. The company said the performance was in line with expectations and kept its full-year outlook unchanged. The figures and outlook were published in Diageo's trading statement.

Growth remains uneven by region

Organic net sales grew 0.6% excluding East African Breweries Limited, or EABL. Including EABL, organic growth was 1.4%. Organic volume declined 0.1% excluding EABL, while price and mix contributed 0.7 percentage points.

Latin America and the Caribbean and Asia Pacific delivered mid-single-digit growth. India and Europe, the Middle East and Africa recorded low-single-digit growth. North America remained the main pressure point, with organic net sales down 3.6% amid continued market softness.

Whisky, Guinness and Smirnoff ready-to-drink products delivered category growth. Chief Executive Dave Lewis said the company was working to make its North American offer more competitive, while describing the quarter as a small step in the right direction.

Guidance stays broadly unchanged

Diageo continues to expect broadly flat organic net sales in fiscal 2027 and low- to mid-single-digit organic operating profit growth. The outlook includes cost savings from changes to the operating framework and supply chain initiatives.

Free cash flow is expected at 2 billion US dollars after exceptional costs and excluding cash from EABL. The company also expects to finish the fiscal year around the midpoint of its target leverage range, assuming completion of the EABL and Royal Challengers Bengaluru transactions.

Diageo stock price in Berlin trading

Diageo stock traded at 22.79 euros on Lang & Schwarz at 18:28 CET on Tuesday, November 10, 2026. The quote is a current evening-session reference for investors following the London-listed spirits group.