Diageo PLC (MEX:DEON)
MXN 2338.17 0 (0%) Market Cap: 1.30 Til Enterprise Value: 1.66 Til PE Ratio: 19.00 PB Ratio: 8.12 GF Score: 54/100

Half Year 2023 Diageo PLC Earnings Call Transcript

Jan 26, 2023 / 09:30AM GMT
Release Date Price: MXN3246.25
Operator

Good morning and welcome to Diageo's 2023 Interim Results Q&A Call. Your call today will be hosted by Ivan, Diageo's CEO; and Lavanya, Diageo's CFO.

This conference is being recorded (Operator Instructions) We're now ready to start the call.

Ivan, please go ahead.

Ivan M. Menezes
Diageo plc - CEO & Executive Director

Thank you. Hi, everyone, and thank you for joining our interim results call. I hope you've had a chance to read our press release and watch the presentation webcast on diageo.com.

I'm pleased with our results for the first half of fiscal '23. We delivered organic top line and operating profit growth above our medium-term guidance of -- net sales up 9%, with growth across all regions. Volume grew 2% even as we implemented strategic price increases. Operating profit, up 10%. Organic margin expanded 9 basis points. We generated GBP 800 million of free cash flow, fueling continued investment in long-term growth. We expect to deliver stronger free cash flow in the second half as we lap more normalized working

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot