Diageo plc (DEO) Q2 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Diageo Plc.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.537 -- 00:00:04.762 Good morning, everyone. Thank you for joining our results presentation for the first 00:00:04.762 -- 00:00:09.808 half of fiscal 25. Today, I will begin by providing an update on our performance 00:00:09.808 -- 00:00:14.554 for the half. Then our new CFO, Nick Giangianni, will share his early impressions of 00:00:14.554 -- 00:00:19.800 the business and discuss our results, the recent tariff announcements, and the near-term 00:00:19.800 -- 00:00:25.024 outlook. I will then come back and share some final reflections. 00:00:25.107 -- 00:00:30.086 Starting with performance. Despite a continued challenging macro environment and industry 00:00:30.086 -- 00:00:35.834 backdrop, in the first half of fiscal 25, our results showed positive momentum. 00:00:35.834 -- 00:00:41.160 Organic net sales returned to growth of 1%, with growth in four out of five regions, 00:00:41.160 -- 00:00:43.423 including North America. 00:00:43.423 -- 00:00:47.529 While consumers remain cautious and the macroeconomic recovery is taking longer than 00:00:47.529 -- 00:00:52.435 expected, particularly in North America and China, I am pleased with the results we have 00:00:52.435 -- 00:00:54.453 delivered in the half. 00:00:54.453 -- 00:00:59.601 At the end of the last fiscal, we shared our confidence that the actions we were taking 00:00:59.601 -- 00:01:03.967 would return us to growth as the consumer environment improves. 00:01:03.967 -- 00:01:09.115 Today, our performance demonstrates that we are making meaningful progress, even 00:01:09.115 -- 00:01:14.042 though the environment remains challenging and will likely continue to be volatile given 00:01:14.042 -- 00:01:16.827 the recent tariff announcements. 00:01:16.827 -- 00:01:22.117 Our focus strategy is deliverin...