Full Year 2023 Diageo PLC Earnings Call Transcript - Thomson StreetEvents

Full Year 2023 Diageo PLC Earnings Call Transcript

Full Year 2023 Diageo PLC Earnings Call Transcript - Thomson StreetEvents
Full Year 2023 Diageo PLC Earnings Call Transcript
Published Aug 01, 2023
16 pages (10635 words) — Published Aug 01, 2023
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Transcript of DGE.L earnings conference call or presentation 1-Aug-23 8:30am GMT

  
Brief Excerpt:

...Good morning, and thank you for joining our preliminary results call for fiscal '23. I'm Debra Crew, CEO of Diageo. Fiscal '23 is the first time I'm presenting results as the CEO of Diageo. I was appointed in early June, taking over from our much loved and respected former CEO, Sir Ivan Menezes. I hope you have had a chance to read our fiscal '23 results press release and watch our presentation on diageo.com. I'm pleased to share that we delivered a strong performance in fiscal '23, organic net sales growth of 6.5% and organic operating profit growth of 7%, both are within our medium-term guidance. We expanded organic operating margin by 15 basis points in a challenging cost environment while continuing to invest in the business. Our culture of everyday efficiency and strong pipeline of productivity initiatives drove GBP 450 million of savings in fiscal '23 and is fueling sustained investment in brand building and future growth. Our business is now 35% bigger on a constant net sales value...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
Diageo PLC
Ticker
DGE.L
Time
8:30am GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Laurence Bruce Whyatt - Barclays Bank PLC, Research Division - Analyst : A couple of geographies for me that we haven't touched on yet. Europe was one of your double-digit growth markets in the year. And I think it was the only market that accelerated in the second half. A number of markets did double-digit growth. I was wondering, do you see any of this growth as sustainable? Or is there anything in particular that was driving this level of growth this year that you don't see repeating next year? And then secondly, India has now actually quite sustainably driven mid-teens, high-teens growth. I think it was 17% this year. Presumably as a result of disposing of a number of your lower-end brands and franchising out a number of the brands, you would expect the growth rate of India

Table Of Contents

Diageo PLC Capital Markets Day Transcript – 2023-11-15 – US$ 54.00 – Edited Transcript of DGE.L corporate analyst meeting</ 15-Nov-23 2:00pm GMT

Q4 2023 Diageo PLC Trading Update Call Transcript – 2023-11-10 – US$ 54.00 – Edited Transcript of DGE.L event 10-Nov-23 8:00am GMT

Full Year 2023 Diageo PLC Earnings Presentation (Pre-Recorded) Transcript – 2023-08-01 – US$ 54.00 – Edited Transcript of DGE.L earnings conference call or presentation 1-Aug-23 6:15am GMT

Diageo PLC Scotch Presentation Transcript – 2023-06-01 – US$ 54.00 – Edited Transcript of DGE.L corporate analyst meeting</ 1-Jun-23 1:00pm GMT

Half Year 2023 Diageo PLC Earnings Call Transcript – 2023-01-26 – US$ 54.00 – Edited Transcript of DGE.L earnings conference call or presentation 26-Jan-23 9:30am GMT

Half Year 2023 Diageo PLC Earnings Presentation (Pre-Recorded) Transcript – 2023-01-26 – US$ 54.00 – Edited Transcript of DGE.L earnings conference call or presentation 26-Jan-23 7:15am GMT

Diageo PLC Annual Shareholders Meeting Transcript – 2022-10-06 – US$ 54.00 – Edited Transcript of DGE.L shareholder or annual meeting 6-Oct-22 1:30pm GMT

Full Year 2022 Diageo PLC Earnings Call (Q&A Session) Transcript – 2022-07-28 – US$ 54.00 – Edited Transcript of DGE.L earnings conference call or presentation 28-Jul-22 8:30am GMT

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MLA:
Thomson StreetEvents. "Full Year 2023 Diageo PLC Earnings Call Transcript" Aug 01, 2023. Alacra Store. May 13, 2024. <http://www.alacrastore.com/thomson-streetevents-transcripts/Full-Year-2023-Diageo-PLC-Earnings-Call-T15678083>
  
APA:
Thomson StreetEvents. (2023). Full Year 2023 Diageo PLC Earnings Call Transcript Aug 01, 2023. New York, NY: Alacra Store. Retrieved May 13, 2024 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Full-Year-2023-Diageo-PLC-Earnings-Call-T15678083>
  
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