The earnings call presented a mixed outlook with both positive momentum in sales and market share gains, particularly in Tequila and Guinness, but also highlighted challenges like operating profit decline, tariff impacts, and increased leverage. The company's strategy and investments are showing some positive results, but macroeconomic challenges and tariffs create significant uncertainties.

Company Guidance -

Q2 2026

In the first half of fiscal 2025, Diageo reported an organic net sales growth of 1%, with significant contributions from regions like North America, which saw a slight but meaningful improvement. The company maintained or increased market share in 65% of its measured markets, with strong performances from brands like Don Julio and Guinness. Although organic operating profit declined by 1.2% due to increased overheads, gross profit rose by $83 million, aided by easing inflationary pressures. Free cash flow improved by $125 million, reaching approximately $1.7 billion. The company faced challenges like recent tariff announcements affecting 45% of U.S. net sales, particularly impacting tequila and Canadian whiskey. Despite this, Diageo remains focused on driving sustainable top-line growth, enhancing operating leverage, and maximizing shareholder returns through strategic investments and efficiency improvements.

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.

Diageo (GB:DGE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GB:DGE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 29, 2026	2026 (Q2)	0.75 / -	0.735	―	―	―
Aug 05, 2025	2025 (Q4)	0.47 / 0.50	0.541	-7.64% (-0.04)
Feb 04, 2025	2025 (Q2)	0.76 / 0.73	0.812	-9.54% (-0.08)
Jul 30, 2024	2024 (Q4)	0.55 / 0.54	0.293	84.62% (+0.25)
Jan 30, 2024	2024 (Q2)	0.80 / 0.81	0.914	-11.11% (-0.10)
Aug 01, 2023	2023 (Q4)	0.63 / 0.29	0.6	-51.13% (-0.31)
Jan 26, 2023	2023 (Q2)	0.96 / 0.91	0.86	6.21% (+0.05)
Jul 28, 2022	2022 (Q4)	0.51 / 0.60	0.5	20.00% (+0.10)	―	―
Jan 27, 2022	2022 (Q2)	0.84 / 0.86	0.696	23.68% (+0.16)	―	―
Jul 29, 2021	2021 (Q4)	0.46 / 0.50	0.286	75.00% (+0.21)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GB:DGE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	1815.00p	1904.00p	+4.90%
Feb 04, 2025	2330.89p	2293.94p	-1.59%
Jul 30, 2024	2463.70p	2338.46p	-5.08%
Jan 30, 2024	2718.71p	2736.41p	+0.65%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Diageo plc (GB:DGE) report earnings?

Diageo plc (GB:DGE) is schdueled to report earning on Jan 29, 2026, Before Open (Confirmed).

What is Diageo plc (GB:DGE) earnings time?

Diageo plc (GB:DGE) earnings time is at Jan 29, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Diageo plc stock?

The P/E ratio of Diageo is N/A.

What is GB:DGE EPS forecast?

GB:DGE EPS forecast for the fiscal quarter 2026 (Q2) is 0.75.

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