New Numbers from Diageo: Q3 Stats, Tariffs Impact & Cost-Cutting Plans

Dear Client: After seeing a return to growth in H1, Diageo kept the momentum going in Q3. Today the company reported global net sales increase of nearly 6% on an organic basis, with global volumes up 2.8% for the third quarter ended March 31.  Q3 results saw a "significant benefit" from phasing, particularly in the North America market, according to chief Debra Crew. "We expect this phasing to reverse in Q4," she said on today's early-morning earnings call.  NORTH AMERICA