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  • 27 Jan 22
The good momentum seems intact

The slight sales and EBIT beat is praised. The absence of FY21 guidance slightly darkens the picture but, overall, the figures send a good signal for the industry.

Companies: Diageo plc
  • 17 Nov 21
Everything should go well

We were impressed with Diageo’s presentation as it once again demonstrated its ability to outperform the spirits market, which is itself in a strong position to outperform the drinks industry. Buy and hold.

Companies: Diageo plc
  • 29 Jul 21
Diageo's solid FY 2021 wasn't enough for the market

It seems that Diageo’s solid FY21 wasn’t enough to keep the share price up (-2.5% at the opening), but this does not extinguish our confidence in the group. Admittedly, the guidance, which is only qualitative, may seem insufficient and, yes, Diageo is the first spirits group to express concerns about a future decline in the off-trade (ultimately not very surprising!), but we believe that the current positive momentum should continue to drive sales levels above those of 2019 in the months to come

Companies: Diageo plc
  • 28 Jan 21
The US strongly helped (and will continue to do so)

The H1 results came in ahead of consensus, helped by Greater China and an exceptional US performance. No FY21 guidance for now, but H2 should show positive growth thanks to strong comparables. We reaffirm our strong confidence on the stock.

Companies: Diageo plc
  • 04 Aug 20
Missed FY20 expectations with H2 slightly worse

FY20 top and bottom line missed expectations and Diageo didn’t provide guidance for next year. Improvements expected in the coming months thanks to lockdown restrictions easing, though the margin should still be under pressure for the next six months.

Companies: Diageo plc
  • 26 Feb 20
Morning Report: Growing threat of coronavirus sees FTSE 100 open firmly in the red
morning-report-growing-threat-of-coronavirus-sees-ftse-100-open-firmly-in-the-red
  • 30 Jan 20
Lowered FY20 sales guidance does not really taint our confidence

Diageo reported H1 results just ahead of peers. However, the lowered FY20 sales guidance and the shy volume growth (+0.2%) have slightly darkened the picture. The strong metrics, still ahead of peers, and the still growing return to shareholders still make it a quality stock for us.

Companies: Diageo plc
  • 25 Jul 19
Emerging markets continue to drive the spirits industry

The full year was, once again, driven up by emerging markets, as well as the buoyant Gin and Tequila. The new mid-term guidance expects further improvement regarding the operating profit. In parallel, the return to shareholders continues to be one of the group’s priorities, having announced it is to return a further £4.5bn to shareholders over the next three years.

Companies: Diageo plc
  • 31 Jan 19
Stronger and stronger

Key financials: Net sales were up +5.8% to £6.9bn on a reported basis, +7.5% organically, pushed by all regions. Organic volume grew by 3.5% Reported operating profit reached £2.4bn (+11%), organic operating profit grew by 12.3% Pre-exceptional EPS was 77.0p (+13.6%), while basic EPS was 80.9p, down by 1.6% due to the recent disposals FCF at £1.3bn (+£317m yoy) Interim dividend up by +5% to 26.1p per share Following this strong set of results, the company has approved an incremental sh

Companies: Diageo plc
  • 26 Jul 18
Reports better H2, announces share buy-back

Strong set of numbers as the performance in the second half accelerated. The announced share buy-back should please investors.

Companies: Diageo plc
  • 26 Jan 18
H1: resilient organic performance, FX headwinds mount

The company delivered another period of very solid organic growth in both top line and operating profit. We see business as resilient. Our Add recommendation is maintained.

Companies: Diageo plc
  • 01 Nov 17
Walking Briskly in The Far East – Asia Pacific Update

Diageo’s (DGE LN, HOLD, T/P 2700p) brunchtime conference call with Sam Fischer, President of Diageo Greater China and Asia yesterday was interesting. The region – Diageo’s third largest at 20% of net revenue – should deliver the fastest pace of organic growth for the group in the next 2 years. The call confirmed our expectations of brisk sales growth and pointed further margin expansion for the region. We roll over our price target from calendar 2017 2018 and increased it from 2250p to 2700p.

Companies: Diageo plc
  • 28 Jul 17
FY: Raises guidance and launches share buy-back

FY preliminary results: volumes were up +1.1% (cons. 1.6%). Sales grew organically by +4.3% (cons. +4.2%, H2: +4.2%). On reported figures, sales were up +15% helped by FX tailwinds. FY organic net sales by region: North America 3% (cons. 3%, H2: +3%), Europe 5% (cons. 4.5%, H2: +5%), Africa 5% (cons. 5%, H2: +6%), LatAm 9% (cons. 10.9%, H2: +7%), and Asia Pacific 3% (cons. 2.6%, H2: +3% ). The operating margin before exceptional items was up 244bp on reported figures (cons. +130bp) and 37bp on

Companies: Diageo plc
  • 27 Jul 17
Consistent Prelims across the board

Diageo (DGE LN, HOLD, T/P 2250p) announced FY2017 revenue of £12.1bn, which was a touch above Bloomberg consensus £12.0bn but bang in line our own view. Organic sales grew 1.1% and like for like operating profit rose 5.6%, ahead of top line growth. This was driven partly by productivity gains. Diluted adjusted EPS was 105p (FY2016: 89p), in line with both Whitman Howard and consensus.

Companies: Diageo plc
  • 21 Jul 17
Heavy results week – combating sluggishness

Next week includes a busy reporting schedule for the UK FMCG sector with 7 names in our coverage universe due to release either a trading statement or results. So far, we infer that Q2 2017 included sustained slowing in emerging markets for the larger operators and continued sluggishness in mature markets, notably Western Europe. However, for the small and mid-cap soft drinks companies, which include Britvic (BVIC LN, BUY, T/P 800p) the UK weather was clearly helpful. This should have had a posi

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Diageo plc

Company Profile

  • Personnel
  • Ivan Menezes, CEO
  • Kathryn Mikells, CFO
  • Javier Ferrán, Chairman

Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on Diageo plc. We currently have 119 research reports from 6 professional analysts.

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20May22 17:24 RNS Diageo PLC - Transaction in Own Shares
19May22 17:23 RNS Diageo PLC - Transaction in Own Shares
18May22 17:17 RNS Diageo PLC - Transaction in Own Shares
17May22 17:13 RNS Diageo PLC - Transaction in Own Shares
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12May22 17:08 RNS Diageo PLC - Transaction in Own Shares
11May22 17:15 RNS Diageo PLC - Transaction in Own Shares
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  • 12 May 22
WH Ireland: Capital Metals (CMET) - Updated development study for Eastern Minerals Project, Sri Lanka

Capital Metals today updates the market on the economics for the development of the Eastern Minerals Project in Sri Lanka – one of the world's highest grade mineral sands projects. The low capital cost of $37m to positive cashflow and $81m in total (which includes a 20% contingency) is to be spread over 4 years as Capital Metals brings the project into full production in four stages; from delivering a Heavy Mineral Concentrate (HMC) to expansion and mineral separation to sell separate mineral s

Companies: Capital Metals plc
  • 18 May 22
SHORE CAPITAL - Premier Foods+ (PFD) - House Stock at 107p


Companies: Premier Foods plc
  • 10 May 22
WH Ireland: Dekel Agri-Vision (DKL) - strong pricing and major cashew project now close to completion

DKL operates a market-leading sustainable palm oil processing business alongside a nascent cashew processing operation which is currently positioned to move into a strong production phase. This morning's update highlights continuing very strong Crude Palm Oil prices achieved by DKL, with the April CPO at €1,061 per tonne up 32% YoY, while Palm Kernel Oil (PKO) has surged by as much as 72.8% YoY. As anticipated when the company reported two months ago, CPO volumes were weak last month (a region

Companies: Dekel Agri-Vision Plc
  • 18 May 22
SHORE CAPITAL - Premier Foods (PFD) - House Stock at 107p


Companies: Premier Foods plc
  • 12 May 22
LIBERUM: Origin Enterprises - CMD digest; sustainability at core


Companies: Origin Enterprises Plc
  • 28 Apr 22
Morning Note – 28 April 2022


Companies: ARB JOG RCN RBN ZAM

  • 12 May 22
SHORE CAPITAL - Cranswick (CWK, House Stock, 3,084p)


Companies: Cranswick plc
  • 14 May 22
Coca-Cola Co: Financial & Price Forecasts, DCF Valuation, ESG & Other Risks (05/22)

Coca-Cola drove strong results in 2021 and gave a promising start to the current year. The operating environment was affected because of challenges in the supply chain, record-high inflation, and geopolitical conflict. The company delivered unit case volume growth of 8% in the past quarter, mainly driven by a robust recovery in channels away from home and a continuation of growth in channels of at-home. Coke has continued working with its bottling partners to strengthen distribution and expandin

Companies: The Coca-Cola Co (KO:NYSE)Coca-Cola Company (KO:NYS)