Sir Dave Lewis takes Diageo on first step of “turnaround journey” [Yahoo! Finance]
Diageo plc (DEO)
US:NYSE Investor Relations:
diageo.com/en/investors
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Source: Yahoo! Finance
“It's been pretty intense.” Seven weeks into his tenure as Diageo CEO, Sir Dave Lewis has been left in little doubt about the magnitude of the task that faces him in elevating the fortunes of an ailing business, its difficulties encapsulated in another disappointing set of results: organic net sales down 2.8% in the first half of fiscal 2026 and a full-year net sales forecast to continue in much the same vein. Sir Dave has certainly been clocking up the air miles since starting his new job, visiting North America, Latin America, Europe, the Middle East and India. Once he's done with the H1 results merry-go-round, he's off to Asia and Africa. That packed itinerary is a reflection of the scale and complexity of the Diageo business – a key reason, perhaps, for the lack of any big announcements alongside the results, apart from the changes to the company's dividend (which we'll get to later). An updated ‘strategy proposal' will only be published in late summer, prompting an impatient
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- 2/25/26 - Form 6-K
- 2/25/26 - Form 6-K
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- DEO's page on the SEC website