Diageo, the renowned liquor maker behind popular brands like Johnnie Walker Scotch whisky and Tanqueray gin, is set to announce its fiscal 2023 results on Tuesday. Here are the key details you need to know:
Pretax Profit Forecast
According to a consensus estimate from FactSet, Diageo is expected to report a pretax profit of £5.06 billion ($6.50 billion) for the year ended June 30. This represents a notable increase from the previous year’s reported figure of £4.39 billion.
Net Sales Forecast
The consensus estimate from FactSet predicts that net sales will reach £17.22 billion, showing growth from the previous figure of £15.45 billion.
Sales Growth Forecast
Diageo’s own consensus forecast indicates an expected organic net sales growth of 6.4%.
What to Watch For
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U.S. Sales: Analysts at Citi mention that Diageo’s performance in the U.S. might face challenges, primarily due to a weaker consumer backdrop and inventory issues. Citi’s research note predicts a 4% contraction in Diageo’s U.S. organic sales.
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Dividend: Analysts predict that the company will declare a full-year dividend of approximately 80.74 pence per share, compared to 76.18 pence per share last year.
