公司概况 - 公司举行了2024财年第四季度的初步问答电话会议，由CEO Debra Crew和CFO Lavanya Chandrashekar主持[4] - 公司在2024财年面临行业和自身的挑战，全球有机净销售额下降了0.6%，主要原因是拉丁美洲和加勒比地区(LAC)的表现大幅下滑[6] - 如果不包括LAC地区，公司的有机净销售额增长了1.8%，主要得益于非洲、亚太和欧洲地区的增长[6] 财务表现 - 公司在2024财年实现了近7亿美元的创纪录生产力节约，并产生了26亿美元的自由现金流，同时继续为长期增长投资[7] 市场展望 - 公司预计2025财年的消费者环境将继续具有挑战性，并预计2024财年末面临的挑战将持续存在[8] - 公司的重点是加强业务的韧性，并通过战略性投资智能和战略举措，以便在消费者环境改善时恢复增长[8] 产品与市场策略 - 公司在2024财年取得了良好的战略进展，并在超过75%的净销售额价值和测量市场中获得了或保持了市场份额，包括在美国市场[7] - 公司采取了有意的行动来改善近期的执行情况，包括改善LAC地区的库存状况，加强几个关键市场的市场路线，以及在美国烈酒组织中进行至少十年来的最重大变革[7] 投资者问答 - 投资者询问了关于2025财年的库存水平和不同价格层级产品组合的表现[11][14] - 投资者询问了关于美国行业的复苏时间和Guinness品牌的成功因素[31][34] - 投资者询问了关于2025财年的有机增长和EBIT利润率的预期[45][46] - 投资者询问了关于中期资本支出和消费者洞察计划的影响[47][49] - 投资者询问了关于处置非核心资产和减少集团净债务的可能性[74][76] - 投资者询问了关于美国市场的定价环境和创新策略[82][84] - 投资者询问了关于Casamigos品牌和中国的市场情况[101][103] - 投资者询问了关于Guinness品牌的定价策略和消费者行为的变化[109][110] - 投资者询问了关于LAC地区的销售情况和创新产品的表现[114][116] - 投资者询问了关于营销支出和法国市场路线变化的策略[125][127]

业绩总结 - Diageo在财年24年度取得了不错的业绩，尽管受到拉丁美洲和多变的运营环境的影响[11] - 有机净销售额下降了0.6%，净销售额为130个基点，净销售额为3.5%[12] - 美国烈酒市场中，Diageo在谨慎的消费环境中获得了动力，销售额增长了1.3%[22] - 国际威士忌市场份额增长71个基点[84] - 营运利润率收缩主要受拉美和加勒比地区(LAC)影响，不包括LAC在内的毛利率有所改善[89] 生产力和财务 - 超过15亿美元的生产力节约，总生产力节约为17亿美元[86] - 财务指标中，调整后的净债务/调整后的EBITDA比率为3.0至2.7倍[110] 营运情况 - 净销售额受外汇影响，对营运利润有负面影响[105] - 长期有机营运利润增长领先于净销售额增长[128] - 有机运动量是以恒定货币基础上的美元金额呈现，不包括特殊项目的影响[137] - 有机运动量计算中排除了当前期后收购结果[140] 公司战略 - 公司采用一致和有纪律的资本配置方法[112] - 长期目标是到2030年实现6%的TBA市场份额[130]

Diageo plc (DEO) reported preliminary fiscal 2024 results, ending Jun 30, 2024, wherein pre-exceptional earnings per share declined 8.6% year over year to 179.6 cents. This was mainly due to lower organic sales, reduced organic operating profit, higher finance charges and exceptional items. The decline was partly negated by reduced tax and increased share repurchases.On a reported basis, net sales declined 1.4% year over year to $20.3 billion due to lower organic sales and unfavorable currency impacts. Orga ...

Shares of the liquor company pulled back on a weak earnings report.Shares of Diageo (DEO -5.20%), the diversified alcohol leader and parent of brands like Johnnie Walker and Guinness, were pulling back today after the company posted disappointing results in its second-quarter earnings report, with particular weakness in the Americas.As of 11:11 a.m. ET on Tuesday, the stock was down 5.3% on the news. The consumer slowdown hits DiageoThe report included preliminary results for the fiscal year ended on June 2 ...

KEY TAKEAWAYSDiageo American depositary receipts (ADRs) are plunging Tuesday as its full-year sales through June were dragged lower by declines in Latin America and the Caribbean (LAC) and a weak North American market.CEO Debra Crew said Europe, Africa, and Asia Pacific growth was "resilient," but "materially weaker" LAC sales and a "cautious consumer environment" in North America weighed on results.The company, whose brands include Johnny Walker, Guinness and Smirnoff, reported yearly net sales declined 1. ...

Photo by Peter Macdiarmid/Getty ImagesGetty ImagesDiageo’s share price plunged after the drinks giant announced its first sales reversal since the depths of the Covid-19 pandemic.At £23.08 per share, the Guinness and Captain Morgan manufacturer was last dealing 9.4% lower in Tuesday’s session.Net sales reversed to $20.3 billion during the 12 months to June, Diageo said, a 1.4% year on year reversal. This was "due to an unfavourable foreign exchange impact and organic net sales decline, partially offset by h ...

文章核心观点 - 酒类巨头Diageo公司在2024财年上半年销售额出现下滑,主要受到拉丁美洲和加勒比地区业务疲软的影响 [2][3] - 但旗下爱尔兰黑啤吉尼斯品牌在北美和欧洲市场表现良好,销售额增长6% [4] - 分析师认为Diageo的业绩下滑虽然令人失望,但并非灾难性,公司整体收入保持相对稳定 [5] 公司经营情况 - Diageo公司2024财年全年有机销售额下降0.6%,报告销售额下降1.4% [3] - 拉丁美洲和加勒比地区是公司业绩下滑的主要原因,当地经济状况加剧了库存问题,导致利润率大幅下降 [6] - 但公司旗下吉尼斯品牌在北美和欧洲市场销售额增长6%,帮助支撑了整体业绩 [4] - 公司还拥有百利甜酒、斯米诺夫伏特加、百加得朗姆酒、唐璜龙舌兰酒和坦佩雷金酒等知名品牌 [4]

The only thing better than a summer bucket list, is slicing things off it. Enter: Captain Morgan Sliced and reality TV break-out star, on-air host, and sportswriter West Wilson. A proud member of the Fifty States Club, Wilson shares the same adventurous spirit as Captain Morgan, and the two have joined forces to curate unforgettable adventures and memories for fans this summer.  "When I made up my mind to visit all 50 states, I couldn't have imagined the life-changing experiences and incredible people I'd ...

Nagalski Diageo (NYSE:DEO) has been on my radar for a long time. The name may not be a household name, but the brands definitely are, including some well-established like Guinness, Johnny Walker and Don Julio, and some up-and-comers like Casamigos (known as George Clooney's Tequila) and Aviation Gin (known as Ryan Reynolds' Gin). Somehow I never managed to deep dive into Diageo's financials because I would see its historical Price to Earnings Ratio (P/E) and think that 20 to 25 was too rich - even knowi ...

文章核心观点 - 英国烈酒生产行业正面临疫情和通胀带来的动荡 [2] - 越来越多的英国人追求品质而非数量,本地蒸馏酒的需求推动了手工酒厂的快速增长 [3] - 行业参与者主要关注烈酒生产的全过程,尤其是蒸馏、装瓶和与零售商批发商的交易 [3] 行业概况 - 该行业定义包括烈酒生产的全过程,但不包括独立的营销和包装 [4] - 该行业不包括通过发酵制造的酒类产品,如啤酒、苹果酒和葡萄酒 [4] 行业表现 - 行业正面临下滑,受到疫情和通胀的影响 [2] - 行业前景展望 [5] - 行业生命周期 [5] 产品和市场 - 供应链 [5] - 主要产品和服务 [5] - 主要市场 [5] - 全球化和贸易 [5] - 业务地点 [5] 竞争格局 - 市场份额集中度 [5] - 关键成功因素 [5] - 成本结构基准 [5] - 进入壁垒 [5] 主要公司 - Diageo plc [5] - Chivas Brothers Ltd [5] - The Edrington Group Ltd [5] - William Grant & Sons Distillers Ltd [5] 经营状况 - 资本密集度 [5]