Preliminary Q4 2024 Diageo PLC Earnings Call (Q&A) Transcript
Good morning, and welcome to Diageo's F24 Preliminary Results Q&A conference. Your call today will be hosted by Debra, Diageo's CEO; and Lavanya, Diageo's CFO. This conference is being recorded. (Operator Instructions)
We are now ready to start the call. Debra, please go ahead.
Good morning, and thank you for joining our preliminary results call for fiscal '24. I hope you've had a chance to read our press release and watch our presentation on diageo.com. Fiscal '24 was a challenging year for both our industry and Diageo as we navigated a volatile operating environment across the globe. Group organic net sales declined 0.6% and the main driver was materially weaker performance in LAC, our Latin America and Caribbean region.
For perspective, if you exclude LAC, organic net sales grew plus 1.8%, driven by resilient growth in Africa, Asia Pacific and Europe regions. This offset the decline in North America, which was attributable to a cautious consumer environment, retailer
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