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Highlights
- DGE witnessed around 10.7% YoY growth in its revenue in the fiscal year 2023, due to positive impacts from foreign exchange.
- Its basic earnings per share increased by approximately 17.6% YoY in FY23. There has been ~5% year-on-year surge in total dividend in FY23.
- From FY22 to FY24, DGE delivered a total gross savings of about £1.2 billion.
FTSE 100 index listed Diageo PLC (LSE:DGE) is a UK-based alcoholic beverage company operating under multiple brand names, such as Johnnie Walker, Smirnoff, Baileys, Captain Morgan, Tanqueray, and Guinness.
Recent acquisition of Don Papa Rum is in in-line with the company’s strategy to acquire high growth brands delivering huge margins supporting premiumisation. Also, the acquisition of 21Seeds, a rapidly growing flavoured tequila brand, has strengthened DGE’s portfolio.
In October 2023, the firm announced a share buy-back programme. Under the programme, DGE will return up to an additional £1.0 billion of capital to shareholders between 12 October 2023 and 26 June 2024.
Diageo witnessed around 10.7% year-on-year (YoY) growth in its revenue in the fiscal year 2023. It rose from GBP 15.45 billion in FY22 to GBP 17.11 billion in FY23 due to positive impacts from foreign exchange. The company’s operating profit has jumped from GBP 4.41 billion in FY22 to GBP 4.63 billion in FY23, marking a 5.1% YoY increase.
Its basic earnings per share increased by approximately 17.6% YoY in FY23. There has been ~5% year-on-year surge in total dividend in FY23.
From FY22 to FY24, the company delivered a total gross savings of about £1.2 billion. It expects the organic net sales growth to accelerate in the second half of the fiscal year 2024.
Top 10 Shareholders:
Around 31.59% of the total shareholdings in DGE is held by its top ten shareholders. While BlackRock Investment Management (UK) Ltd. is the biggest shareholder with 6.55% shareholding, Capital Research Global Investors is the second biggest shareholder with over 5.54% shareholding in DGE.
Stock Price Performance
DGE’S stock price has dropped by approximately 0.25% in the last one month. It has fallen by around 15.75% over the last six months. The stock’s 52-week low and 52-week high price stands at GBX 2,719.00 and GBX 3,789.50, respectively.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 05 January 2024. The reference data in this report has been partly sourced from EODHD/Others.
