Diageo outlines $1.2bn restructuring as North America and Asia Pacific sales fall
Diageo unveiled a turnaround investment programme after preliminary results for the year ended 30 June 2026. Organic net sales fell 2% and volumes declined 0.4%, while net sales slipped to $19.6bn; organic operating profit rose 2%. Growth in Europe (+3.4%), LAC (+7.7%) and Africa (+13.3%) was offset by declines in North America (-8.4%) and Asia Pacific (-6.3%), including pressure on Tequila and weaker white spirits in China.