finance
Diageo Reports 2.3% Rise in Q3 Reported Net Sales
Diageo reported a 2.3% increase in third-quarter reported net sales to $4.5 billion. Organic net sales grew 0.3% with volume up 0.4% and price/mix down 0.1%. The company reiterated its fiscal 2026 guidance.
May 6, 2:11 AM·1m read2 sources
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Diageo released its fiscal 2026 third-quarter trading update on Thursday. The company said reported net sales rose 2.3% to $4.5 billion in the period. Organic net sales increased 0.3% in the quarter. Volume grew 0.4% while price and mix declined 0.1%. The company reiterated its full-year fiscal 2026 guidance.
The update provided limited detail on performance by region or category. Market conditions continued to vary across Diageo's global footprint with different growth rates in developed and emerging markets. The company has faced shifting consumer demand patterns in several key spirits categories over recent quarters.
The latest figures reflect modest overall growth in the third quarter of its fiscal year.
Diageo stated that it continues to expect results in line with its previously communicated fiscal 2026 targets. No additional quantitative guidance was provided in the trading update. The company's fiscal year runs through June 2026. Full-year results are scheduled for release later this year.
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CorroborationModerate · 2 sources
