This new strategy, executing with a new, more agile, competitive and cost-effective operating model, gives us confidence that we can return Diageo to a business consistently creating value for shareholders. We remain a business with a very strong premiumisation agenda, but by activating our wider portfolio, we will be able to serve more consumers, across a variety of occasions. There is hard work ahead, particularly in North America, where improving performance is a clear priority, but we are confident we can deliver without taking a step back in operating profit.

Sir Dave Lewis
Chief Executive Officer
Capital Markets Day 2026

Our strategy: where we play

Building a more digital Diageo

Full price and format ladder in spirits, including RTDs

Volume and value share of spirits, including RTDs
Diverse and engaged talent acting with speed and agility

Premium beer with Guinness

Volume and value share of premium beer
Spirit of Progress making our business better

On trade

Consistent global capability
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Our strategy: how we win

Deliberate design to build and extract the benefits of Diageo’s scale, capability and portfolio

Building a more digital Diageo

Relevant brands in competitive category strategies

Diverse and engaged talent acting with speed and agility

Customer, customer, customer

Spirit of Progress making our business better

Full, integrated end-to-end supply chain

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Annual Report 2025

Diageo

Capital Markets Day 2026

On Thursday 6th August, Sir Dave Lewis, Chief Executive Officer, and other members of the Executive Leadership Team and Senior Leaders hosted a Capital Markets Day in London, which was also webcast. 

The event provided further insight into Diageo's strategy and the progress made in its turnaround, outlining the company's pathway to delivering sustainable long-term value for shareholders.