Welcome to our dedicated page for Diageo news (Ticker: DGEAF), a resource for investors and traders seeking the latest updates and insights on Diageo stock.
DIAGEO PLC ORD (DGEAF), the global leader in premium beverages, maintains this dedicated news hub for investors and industry observers. Access official press releases, financial disclosures, and strategic updates from the company behind iconic brands like Johnnie Walker, Guinness, and Tanqueray.
This resource provides essential updates across key business areas: quarterly earnings reports, sustainability initiatives, product innovations, and market expansion strategies. Our curated feed ensures you never miss regulatory filings, leadership announcements, or partnership developments affecting this FTSE 100 constituent.
Bookmark this page for streamlined access to DGEAF's latest corporate communications. For comprehensive analysis of the beverage alcohol sector and DIAGEO's evolving market strategy, revisit regularly as we update with verified information directly from company sources.
Diageo (NYSE:DEO) has agreed to sell its 65% holding in East African Breweries plc (EABL) and its 53.68% direct stake in UDVK to Asahi for estimated net proceeds after tax and transaction costs of $2.3bn. The deal implies an enterprise value for 100% of EABL of $4.8bn (c.17x adjusted EBITDA) and will de-lever Diageo by c.0.25x. Completion is subject to regulatory approvals and is expected in H2 2026. Diageo will enter long-term licensing and transitional service agreements to secure continued production and distribution of Guinness, selected spirits and ready-to-drink brands in East Africa. Fiscal year ended 30 June 2025 EABL metrics: $996m net sales, $258m EBITDA, $94m net income, and $229m net debt.
Diageo (NYSE:DEO) appointed Sir Dave Lewis as Chief Executive Officer and Executive Director, effective 1 January 2026. The Board said the unanimous appointment followed a global search and praised Lewis's leadership at Tesco (Group CEO 2014–2020) and long Unilever career. Lewis will step down as Chair of Haleon on 31 December 2025.
Remuneration disclosed: an annual salary of GBP 1,500,000, a pension contribution of 14% of base salary, and participation in Diageo's incentive and long‑term plans; full details will appear in the Directors' Remuneration Report for year ending 30 June 2026. Nik Jhangiani stays as Interim CEO until end‑December 2025 and will then resume the CFO role.
Diageo (NYSE:DEO) reported Q1 FY26 reported net sales $4,875m, down 2.2% year‑over‑year, with organic net sales flat. Organic volume rose 2.9% while price/mix fell 2.8%. Management estimates weaker Chinese white spirits reduced group net sales by ~2.5% in the quarter and cited a softer US consumer environment.
The company reaffirmed its Accelerate cost programme delivering ~$625m savings over three years, expects c.$3bn free cash flow in FY26, capex $1.2–1.3bn, and targets returning to 2.5–3.0x leverage by no later than FY28. Organic operating profit is expected to be low‑ to mid‑single digit.
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