Return to Organic Net Sales Growth
Organic net sales grew by 1% in the first half of fiscal '25, with growth in four out of five regions, including North America.
Market Share Gains
Held or gained market share in 65% of net sales in measured markets, with significant share gains in the U.S., Europe, and Greater China.
Strong Performance in Tequila and Guinness
Tequila organic net sales were up 21%, with Don Julio leading growth. Guinness achieved its 8th consecutive half of double-digit growth, delivering 17% organic net sales growth.
Improved Free Cash Flow
Free cash flow increased by $125 million to approximately $1.7 billion, driven by working capital management.
Positive Price Mix
Four out of five regions delivered positive price mix, driven by Tequila in North America and Guinness in Europe.