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Regional challenges hit Diageo hard in financial full-year – results data

Joe Bates
Last updated: 30/07/2024 at 11:11 PM
By Joe Bates
30 July 2024
5 Min Read

The scene was set for a flat fiscal 2024 for Diageo back in January.


Chart of Diageo's sales 2015-2024 +/- % on previous year
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Twelve-month sales flat (-0.6%) at US$20.27bnVolumes in fiscal 2024 - to end of June - decline by 3.5%'LatAm & Caribbean' slumps 21.1%, 'North America' dips 2.5%Johnnie Walker down 6% as Casamigos, Ciroc and Tanqueray fall by double digitsGuinness sales jump 15%Diageo has reported a weak set of fiscal 2024 results with sales in the 12 months to the end of June dipping 0.6%, a stagnant performance the multinational blamed on the “volatile” global economic environment and sales slumps in 'Latin America & the Caribbean' (LAC).Excluding the ailing region, Diageo’s top line inched up

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TAGGED:Diageo
Joe Bates
ByJoe Bates
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Joe has been a business journalist for over 20 years, specialising in the drinks, aviation and Global Travel Retail sectors; Duty-Free News International, IWSR Magazine, Drinks International and Whisky Magazine, among others.
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