Diageo PLC (LSE:DGE)
£ 23.455 0.255 (1.1%) Market Cap: 52.12 Bil Enterprise Value: 68.15 Bil PE Ratio: 17.22 PB Ratio: 6.60 GF Score: 78/100

Full Year 2019 Diageo PLC Earnings Call (Q&A Session) Transcript

Jul 25, 2019 / 08:30AM GMT
Release Date Price: £32.41 (-3.37%)
Operator

Good morning and welcome to the Diageo's Preliminary Results Investor Q&A Call. Your call today will be hosted by Diageo's CEO, Ivan Menezes; and CFO, Kathy Mikells. (Operator Instructions)

We are now ready to start the call. Mr. Menezes, please go ahead.

Ivan M. Menezes
Diageo plc - CEO & Executive Director

Thank you. Hello, everyone, and welcome to our fiscal '19 full year results investor call. I have a few opening comments and we'll open it up for Q&A.

You'll have seen, we delivered a really strong consistent set of results. Organic net sales were at the top end of our medium term guidance range and growth was broad-based across regions and categories. We delivered organic operating margin improvement ahead of our 3 year guidance. We also returned GBP 4.4 billion back to shareholders in fiscal '19 through dividends and our share buyback program and we're now back within our leverage policy target range.

Our fiscal '19 results are underpinned by the ongoing work we're doing to build a culture of everyday efficiency

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