EarningsQ2 2025 Earnings Report

Diageo (GUI) Q2 2025 Earnings Report

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Previous Report: Q4 2024

Next Report: Q4 2025

DE:GUI Q2 2025 EPS Results

Actual EPS€0.86

Consensus EPS€0.89

Beat/MissMissed by -€0.03

One Year Ago EPS€0.95

DE:GUI Q2 2025 Revenue Results

Actual Revenue€9.89B

Expected Revenue€9.49B

Beat/MissBeat by +€398.81M

YoY Revenue Growth-3.45%

Earnings Announcement Details

QuarterQ2 2025

Date02/04/2025

TimeBefore Open

Conference CallTuesday, February 4, 2025

DE:GUI Upcoming Earnings

Diageo's next earnings date is estimated for January 28, 2027, based on past reporting schedules.

Q2 2025 Earnings Call Audio

DE:GUI Q2 2025 Earnings Call

0:00 / 0:00

Q2 2025 Earnings Slide Deck

Q2 2025 Earnings Call Summary

Q2 2025

Earnings Call Date:Feb 04, 2025|

% Change Since:

Earnings Call Sentiment|Neutral

The earnings call highlighted continued growth in organic net sales and market share gains, particularly in the Tequila and Guinness segments. However, challenges remain with declining Scotch sales, a drop in organic operating profit, and significant uncertainty due to newly imposed tariffs. The decline in EPS and increased leverage ratio further contribute to a cautious outlook.

Company Guidance

In the first half of fiscal year 2025, Diageo reported a 1% growth in organic net sales, with momentum seen in four out of five regions, including North America. The company held or gained market share in 65% of its net sales in measured markets. Despite a challenging macroeconomic environment, Diageo demonstrated resilience, particularly in regions like Europe and Africa, and saw a modest improvement in the Latin America and Caribbean regions. The U.S. market showed a slight return to growth, driven by innovations such as smaller pack sizes and strong performances from brands like Crown Royal and Don Julio. However, the company faced challenges with a 5% decline in Scotch sales and pressures from recent U.S. tariff announcements, which could impact future guidance. The company plans to strengthen its balance sheet, focus on sustainable top-line growth, and improve operating leverage while maintaining a robust investment-grade balance sheet.

Return to Organic Net Sales Growth

Despite challenging macro environments, the company achieved a 1% growth in organic net sales, with growth in four out of five regions, including North America.

Market Share Gains

The company held or gained market share in 65% of net sales in measured markets, with strong performance in the U.S., Europe, and Greater China.

Tequila Segment Growth

Tequila organic net sales were up 21% in the half, with Don Julio leading the growth and maintaining share leadership in the Tequila category.

Guinness Performance

Guinness achieved its 8th consecutive half of double-digit growth, delivering 17% organic net sales growth in the half.

Positive Free Cash Flow

Free cash flow increased by $125 million to approximately $1.7 billion, driven by working capital management.

DE:GUI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Jan 28, 2027	2027 (Q2)	0.87 / -	0.838	―
Aug 06, 2026	2026 (Q4)	0.56 / 0.62	0.583	6.06% (+0.04)
Feb 25, 2026	2026 (Q2)	0.81 / 0.84	0.862	-2.87% (-0.02)
Aug 05, 2025	2025 (Q4)	0.55 / 0.58	0.636	-8.33% (-0.05)
Feb 04, 2025	2025 (Q2)	0.89 / 0.86	0.953	-9.54% (-0.09)
Jul 30, 2024	2024 (Q4)	0.64 / 0.64	0.344	84.62% (+0.29)
Jan 30, 2024	2024 (Q2)	0.94 / 0.95	1.073	-11.11% (-0.12)
Aug 01, 2023	2023 (Q4)	0.74 / 0.34	0.704	-51.13% (-0.36)
Jan 26, 2023	2023 (Q2)	1.13 / 1.07	1.01	6.21% (+0.06)
Jul 28, 2022	2022 (Q4)	0.60 / 0.70	0.587	20.00% (+0.12)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed