- Half Year 2024 Diageo PLC Earnings Call TranscriptJan 30, 2024MXN2450Earnings
- Half Year 2024 Diageo PLC Earnings Presentation (Pre-Recorded) TranscriptJan 30, 2024
- Diageo PLC Capital Markets Day TranscriptNov 15, 2023
- Q4 2023 Diageo PLC Trading Update Call TranscriptNov 10, 2023
- Full Year 2023 Diageo PLC Earnings Call TranscriptAug 01, 2023MXN2964 (+0.55%)Earnings
- Full Year 2023 Diageo PLC Earnings Presentation (Pre-Recorded) TranscriptAug 01, 2023
- Diageo PLC Scotch Presentation TranscriptJun 01, 2023
- Half Year 2023 Diageo PLC Earnings Call TranscriptJan 26, 2023MXN3246.25Earnings
- Half Year 2023 Diageo PLC Earnings Presentation (Pre-Recorded) TranscriptJan 26, 2023
- Diageo PLC Annual Shareholders Meeting TranscriptOct 06, 2022
- Full Year 2022 Diageo PLC Earnings Call (Q&A Session) TranscriptJul 28, 2022MXN3839.12 (+4.22%)Earnings
- Full Year 2022 Diageo PLC Earnings Presentation (Pre-Recorded) TranscriptJul 28, 2022
- Half Year 2022 Diageo PLC Earnings Call (Q&A Session) TranscriptJan 27, 2022MXN4208.39Earnings
- Half Year 2022 Diageo PLC Earnings Presentation (Pre-recorded) TranscriptJan 27, 2022
- Diageo PLC Capital Markets Day TranscriptNov 16, 2021
- Full Year 2021 Diageo PLC Earnings Call (Q&A Session) TranscriptJul 29, 2021MXN3950Earnings
- Full Year 2021 Diageo PLC Earnings Presentation TranscriptJul 29, 2021
- Diageo PLC Society 2030: Spirit of Progress Q&A Call TranscriptMay 20, 2021
- Diageo PLC Society 2030: Spirit of Progress Pre-Recorded Presentation TranscriptMay 20, 2021
- Diageo PLC Brunchtime Call with the President: Greater China (Q&A Session) TranscriptMar 25, 2021
- Diageo PLC Brunchtime Presentation with the President: Greater China (Pre-Recorded) TranscriptMar 25, 2021
- Half Year 2021 Diageo PLC Earnings Call - Q&A Session TranscriptJan 28, 2021MXN3214Earnings
- Half Year 2021 Diageo PLC Pre-Recorded Earnings Presentation TranscriptJan 28, 2021
- Diageo PLC Brunchtime Call with the President: North America (Q&A Session) TranscriptNov 16, 2020
- Diageo PLC Brunchtime Presentation with the President: North America (Pre-Recorded) TranscriptNov 16, 2020
- Full Year 2020 Diageo PLC Earnings Call - Q&A Session TranscriptAug 04, 2020MXN2951.65Earnings
- Full Year 2020 Diageo PLC Pre-Recorded Earnings Presentation TranscriptAug 04, 2020
- Half Year 2020 Diageo PLC Earnings Call (Q&A Session) TranscriptJan 30, 2020MXN2989 (-1.74%)Earnings
- Half Year 2020 Diageo PLC Pre-Recorded Earnings Presentation TranscriptJan 30, 2020
- Diageo PLC Brunchtime Call with the Presidents: North America (Q&A Session) TranscriptDec 10, 2019
- Diageo PLC Brunchtime Call with the Presidents: North America Pre-Recorded Presentation TranscriptDec 10, 2019
- Diageo PLC Brunchtime Call with the Presidents: Europe, Turkey, and India TranscriptOct 03, 2019
- Full Year 2019 Diageo PLC Earnings Call (Q&A Session) TranscriptJul 25, 2019MXN3187Earnings
- Full Year 2019 Diageo PLC Pre-Recorded Earnings Presentation TranscriptJul 25, 2019
- Diageo PLC Brunchtime Call with the Presidents: Latin America and Caribbean TranscriptApr 11, 2019
Q4 2023 Diageo PLC Trading Update Call Transcript
Good morning. At our year-end results for fiscal '23, I guided that we expected to see sequential improvement in our business results in the current fiscal year. At the group level, we are seeing slower-than-expected growth and we no longer are expecting fiscal '24 half 1 to be stronger than fiscal '23 half 2. This is due to a materially weaker performance outlook in Latin America, which makes up nearly 11% of Diageo's net sales value. Importantly, we have momentum continuing in 4 out of our 5 regions, including seeing sequential improvement in our largest regions of North America.
So what are we seeing in Latin America? Well, LAC is now expected to decline organic net sales by more than 20% year-over-year in the first half of fiscal '24. If you remember, we disclosed back in August that we ended fiscal '23 with higher-than-expected inventory levels as economic activity has slowed post our shipments for World Cup. But we are now seeing 2 additional headwinds in the region.
First, consumer conditions have worsened. Macroeconomic
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |
![](https://static.gurufocus.com/material/money-back-guarantee.png)
![](https://static.gurufocus.com/trust_rating.png)
![](https://static.gurufocus.com/trust.png)