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Diageo cuts outlook for fiscal year

Bangkok Post

|

February 26, 2026

Diageo Plc cut its guidance for the second time this fiscal year as the British distiller struggles to revive demand in the US and China, in an early challenge for new Chief Executive Officer Dave Lewis.

- JENNIFER CREERY

The maker of Guinness Stout and Johnnie Walker whisky now expects full-year organic net sales to drop 2-3%, according to a statement yesterday. It had previously expected full-year sales to be flat to slightly down. Diageo will also reduce its dividend, and Mr Lewis said he is working on an updated strategy for the group th

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