Tequila and baijiu weigh on Diageo as FY sales dip – results data

Sales in three months to end of June fall by 2.2% to US$4.71bn Fiscal full-year sales down 2% to US$19.64bn Losses driven by declines in ‘North America’ and ‘Asia Pacific’ Strong double-digit declines for Don Julio, Casamigos and Crown Royal Restructuring programme to deliver US$850m in savings over two years Diageo closed out a disappointing fiscal 2026 with another quarterly sales fall, thanks largely to double-digit declines in US spirits – notably tequila – and Chinese white spirit baijiu.The 2.2% sales dip in the three months to the end of June followed a flat third