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FrontRow · Aug 7, 2026

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Diageo shares jumped after the company unveiled a $1 billion three-year savings plan to turn around the struggling business. The world's biggest spirits company, whose brands include Johnnie Walker scotch whisky, Smirnoff vodka, Tanqueray gin, Captain Morgan rum, Don Julio tequila and Guinness stout, said restructuring costs relating to the savings program will amount to $1.2 billion. The savings will be delivered over 2027 and 2028, with additional supply chain benefits continuing in later years. "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," said CEO Dave Lewis in a statement.

Diageo shares jumped after the company unveiled a $1 billion three-year savings plan to turn around the struggling business. The world's biggest spirits company, whose brands include Johnnie Walker scotch whisky, Smirnoff vodka, Tanqueray gin, Captain Morgan rum, Don Julio tequila and Guinness stout, said restructuring costs relating to the savings program will amount to $1.2 billion. The savings will be delivered over 2027 and 2028, with additional supply chain benefits continuing in later years. "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," said CEO Dave Lewis in a statement.

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