Diageo “Not Satisfied” With Current US Market Share

Dear Client: Diageo recorded a global organic net sales decline of 0.6% while global organic volumes were down 5.2% for the first half of fiscal year 2024.  The sales decline was driven in large part by the continued declines in the Latin American and Caribbean (LAC) region amidst inventory disruptions flagged last year. Excluding the impact of the LAC region, global organic net sales were up 2.5% in H1, while volumes were still down, at -3.3%, noted cfo Lavanya Chandrashekar