The company said, “We continue to expect to deliver positive operating leverage, with organic profit growth ahead of organic net sales growth. This includes the impact of US tariffs based on what we know at this time. We also expect to deliver c.$3bn free cash flow from the Accelerate programme.”
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DEO:
- Diageo reports Q3 reported net sales $4.38B, up 2.9% vs. $4.25B last year
- Diageo launches first phase of Accelerate program, sees $500M in cost savings
- Diageo sees unmitigated impact of tariffs of $150M on annualized basis
- Diageo’s Strong Q3 Prospects and Strategic Brand Management Justify Buy Rating
- Diageo price target lowered to 1,855 GBp from 2,015 GBp at Morgan Stanley