U.S. COMPANY FILING
DIAGEO CAPITAL MARKETS DAY AND OUTLOOK
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Diageo hosted a Capital Markets Day on August 6, 2026, announcing expected savings of c.$1 billion over three years from operating framework and supply chain initiatives. Restructuring costs total c.$1.2 billion. For fiscal 27, guidance includes broadly flat organic net sales, North America down mid-single-digit, organic operating profit up low-to-mid-single-digit, and free cash flow of c.$2 billion. Medium-term (FY27-29) targets: low-single-digit organic net sales CAGR, mid-single-digit organic operating profit growth, and cumulative free cash flow of c.$8 billion. CEO Dave Lewis expressed confidence in returning to consistent value creation.
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