Diageo (DEO) FY24 Earnings & Sales Decline Y/Y on Soft Volume
DEODiageo(DEO) ZACKS·2024-07-31 22:06

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 ...