Diageo Full Year Results Weighed Down by “Temporary” Challenges

Dear Client:  Diageo ended its fiscal year with global net sales down 0.6% on an organic basis and volumes were down 3.5%. While the company did see an improvement in H2, results were weighed down by declines in Latin America and North America.  "It was a challenging year for both our industry and Diageo as we navigated a volatile operating environment across the globe," said global ceo Debra Crew on today's earnings call. "It was a year of compounding impacts