Half Year 2021 Diageo PLC Earnings Call - Q&A Session Transcript

Jan 28, 2021 / 09:30AM GMT
Operator

Good morning, and welcome to the Diageo interim results investor Q&A call. Today's conference is being recorded. Your call today will be hosted by Diageo's CEO, Ivan Menezes; and CFO, Kathy Mikells. (Operator Instructions)

We are now ready to start the call. Mr. Menezes, please go ahead.

Ivan M. Menezes - Diageo plc - CEO & Executive Director

Hello, everyone. Kathy and I welcome you to our interim results call. I hope you and families are staying well during this time.

I'm pleased and encouraged by our financial results for the first half of fiscal '21. We delivered a strong performance in a challenging operating environment. We returned to top line organic sales growth in the half driven by strong sequential improvement across our regions compared to the second half of fiscal '20. This was ahead of our expectations at the start of the fiscal year.

In particular, we delivered strong growth in North America, our largest and most profitable market. Consumer demand in North America has been extremely resilient, and spirits

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