Diageo Can Eye Turnaround Amid Year of Transition -- Market Talk

Dow Jones06-18

1001 GMT - Next year will likely be a transition year for spirits seller Diageo as its new boss works to turn things around, Bank of America analysts write in a note to investors. The group, which sells Smirnoff vodka, Guinness stout and Casamigos tequila among other labels, appointed former Tesco CEO Dave Lewis to the top job from the start of the year, and "a turnaround is achievable," BofA says. "Concerns around reinvestment are overdone [and] early signs of improvement should support sentiment," even if 2027 will be a year of transition, the analysts say. Diageo is due to set out its new strategy in August. (joshua.kirby@wsj.com; @joshualeokirby)

(END) Dow Jones Newswires

June 18, 2026 06:01 ET (10:01 GMT)

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