UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
26 September 2024
Commission File Number: 001-10691
DIAGEO plc
(Translation
of registrant’s name into English)
16 Great Marlborough Street, London, United Kingdom, W1F 7HS
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form
20-F X
Form
40-F
Diageo PLC – Trading commentary ahead of AGM
2024
Dated
26 September
2024
Trading commentary ahead of AGM 2024
Debra Crew, Chief Executive, commented:
"Our expectations are unchanged from when we reported our fiscal 24
preliminary results on 30 July 2024. The global environment remains
challenging for both our industry and Diageo.
While consumers continue to be cautious in this environment, we are
focused on strengthening the resilience of our business through
operational excellence, productivity and strategic investments to
win quality market share. We have made good progress on our
strategic initiatives, including our US route-to-market
enhancements, and in Nigeria we are progressing well towards
completion of the agreement to restructure our business model
there.
I believe that the fundamentals for global TBA, and particularly
the spirits industry, remain strong and am confident that when the
consumer environment improves, growth will return and the actions
we are taking will position us well to outperform the
market."
ENDS
For further information, please contact:
Investor relations:
Andy Ryan
+44 (0) 7803 854
842
Brian Shipman
+1 (0) 917 710 3007
Grace Murphy
+44 (0) 7514 726 167
investor.relations@diageo.com
Media relations:
Brendan O'Grady
+44 (0) 7902 126 906
Clare Cavana
+44 (0) 7751 742 072
Isabel Batchelor
+44 (0) 7731 988 857
press@diageo.com
About Diageo
Diageo is a global leader in beverage alcohol with an outstanding
collection of brands across spirits and beer categories. These
brands include Johnnie Walker, Crown Royal, J&B and Buchanan's
whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain
Morgan, Baileys, Don Julio, Tanqueray and Guinness.
Diageo is a global company, and our products are sold in more than
180 countries around the world. The company is listed on both the
London Stock Exchange (DGE) and the New York Stock Exchange (DEO).
For more information about Diageo, our people, our brands, and
performance, visit us at www.diageo.com. Visit Diageo's global
responsible drinking resource, www.DRINKiQ.com for information,
initiatives, and ways to share best practice.
Celebrating life, every day, everywhere.
Cautionary statement concerning forward-looking
statements
This document contains 'forward-looking' statements. These
statements can be identified by the fact that they do not relate
only to historical or current facts. In particular, forward-looking
statements include all statements that express forecasts,
expectations, plans, outlook, objectives and projections with
respect to future matters, including trends in results of
operations, margins, growth rates, overall market trends, the
impact of changes in interest or exchange rates, the availability
or cost of financing to Diageo, anticipated cost savings or
synergies, expected investments, the completion of any strategic
transactions or restructuring programmes, anticipated tax rates,
changes in the international tax environment, expected cash
payments, outcomes of litigation or regulatory enquiries,
anticipated changes in the value of assets and liabilities related
to pension schemes and general economic conditions. By their
nature, forward-looking statements involve risk and uncertainty
because they relate to events and depend on circumstances that will
occur in the future. There are a number of factors that could cause
actual results and developments to differ materially from those
expressed or implied by these forward-looking statements, including
factors that are outside Diageo's control. Any forward-looking
statements made by or on behalf of Diageo speak only as of the date
they are made. Diageo does not undertake to update forward-looking
statements to reflect any changes in Diageo's expectations with
regard thereto or any changes in events, conditions or
circumstances on which any such statement is based.
An explanation of non-GAAP measures, including organic movements,
is set out on pages 227-235 of Diageo's Annual Report for the year
ended 30 June 2024.
Diageo plc LEI: 213800ZVIELEA55JMJ32
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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Diageo plc
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(Registrant)
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Date:
26 September 2024
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By:___/s/
James Edmunds
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James Edmunds
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Deputy Company Secretary
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