Full Year 2022 Diageo PLC Earnings Call (Q&A Session) Transcript
Good morning, and welcome to Diageo's 2022 Preliminary Results Q&A call. Your call today will be hosted by Ivan, Diageo's CEO; and Lavanya, Diageo's CFO. This conference is being recorded. (Operator Instructions)
Ivan, please go ahead.
Hello, everyone, and thanks for joining our preliminary results call for fiscal '22. Hope you've had a chance to read the press release and watch our presentation webcast on diageo.com. I'm very pleased with the quality of our excellent results for fiscal '22. Our teams have executed with tremendous agility and resourcefulness despite stronger headwinds, some supply chain disruptions and geopolitical events in the second half.
Sales were up 21%, with double-digit growth across all regions. Growth was balanced with volume up 10% and price/mix growth was 11 points with price contributing mid-single-digit growth. Diageo's 3-year compound annual growth rate or organic net sales was 9%. North America 3-year CAGR was 12%. And for Europe, it was 6%.
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