On Thursday (28 July), Diageo will report its full-year results. Here, just-drinks takes a look at how the group has fared in its fourth quarter, the three months to the end of June:
- At the start of April, Diageo said it would rename Indian whiskey McDowell’s in export markets after pressure from the Scotch Whisky Association.
- Later in the month, the company said it was on the hunt for a new chairman as Franz Humer prepared to step down after eight years in the role. Diageo later appointed former Bacardi CEO Javier Ferran.
- The company also said it was to launch three new flavours under its successful Pimm’s Cider Cup brand in the UK.
- In May, group CEO Ivan Menezes warned against the UK leaving the European Union, saying it could jeopardise the alcohol industry’s global bargaining clout.
- The company also said goodbye to its Africa & Asia-Pacific president, Nick Blazquez, who left the company after 27 years.
- Also in May, Diageo’s Latin America & Caribbean unit said it expects sales to be softer in the second half of the year because of a Don Julio Tequila accounting error.
- Towards the end of the month, the company said it would not contest an expected KRW1.2bn (US$1m) fine from South Korean authorities over payments to on-trade venues.
- Meanwhile, it unveiled its first European Johnnie Walker House.
- In June, Diageo moved its Smirnoff brand into the cider category with Smirnoff Cider, a blend of carbonated cider, fruit flavours and Smirnoff vodka.
Subscribe to Just Drinks for just £1 for 1 month
Stay ahead with unbiased news, expert commentary, and in-depth features on global topics.
As a trusted provider of data and insights, Just Drinks collaborates closely with industry leaders and professionals to offer unique thought leadership and analysis. Gain a deeper understanding of the drinks industry’s trajectory and the priorities shaping the profession.
What’s included in your subscription:
- Personalized Access: Secure login to Just Drinks
- Industry News & Expert Commentary: Timely updates and exclusive C-level interviews.
- Case Studies & Deep Dives: Real-world applications and in-depth analyses.
- Exclusive Subscriber Newsletter: Weekly top features, plus a new thematic report and webinar.
Ready to stay informed?
Subscribe to unlock exclusive content.
Already a subscriber? Sign in to access your account.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataPleasecomplete this form to request more information, and a representative will be in touch shortly.
