Diageo (DEO) reported fiscal Q1 net sales Thursday of $4.88 billion, down from $4.99 billion a year earlier.
Three analysts polled by FactSet expected $4.80 billion.
For fiscal 2026, the company said it expects net sales growth to be flat to slightly down. Analysts surveyed by FactSet expect $20.18 billion.
Shares of the company were down 2.6% in recent overnight activity.