Diageo: FY adjusted EPS down 9%
(CercleFinance.com) - Diageo has announced that its sales reached $20.
2bn for the fiscal year ended 30 June, down just 1% y-o-y.
Meanwhile, adjusted EBIT reached $5.9bn, down 6%, with net income (group share) of $3.87bn, down 13%, although ahead of expectations.
Adjusted EPS came to 179.6 cents, down 9%.
Diageo nevertheless achieved record productivity savings of almost $700m and generated free cash flow of about $2.6bn, while increasing strategic investments.
Diageo believes that the consumer environment remains challenging, with the conditions seen towards the end of FY24 continuing into FY25.
We will continue to focus on strengthening the resilience of our business and winning quality market share to drive sustainable organic net sales growth over the long term, the company says.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
2bn for the fiscal year ended 30 June, down just 1% y-o-y.
Meanwhile, adjusted EBIT reached $5.9bn, down 6%, with net income (group share) of $3.87bn, down 13%, although ahead of expectations.
Adjusted EPS came to 179.6 cents, down 9%.
Diageo nevertheless achieved record productivity savings of almost $700m and generated free cash flow of about $2.6bn, while increasing strategic investments.
Diageo believes that the consumer environment remains challenging, with the conditions seen towards the end of FY24 continuing into FY25.
We will continue to focus on strengthening the resilience of our business and winning quality market share to drive sustainable organic net sales growth over the long term, the company says.
Copyright (c) 2024 CercleFinance.com. All rights reserved.