Diageo (DEO) reported fiscal Q3 net sales Monday of $4.38 billion, up from $4.25 billion a year earlier.

Analyst estimates were not readily available for comparison.

Organic net sales for the quarter ended March 31 were up 5.9% from a year earlier.

The spirits maker said it aims to save $500 million in costs over three years.

"Assuming the current 10% tariff remains on both UK and European imports into the US, that Mexican and Canadian spirits imports into the US remain exempt under USMCA, and that there are no other changes to tariffs, the unmitigated impact of these tariffs is estimated to be [around $150 million] on an annualized basis," Diageo said.