World's biggest spirits maker pops 7% on $1 billion cost-cutting plan

Diageo, whose brands include Johnnie Walker scotch whisky, Captain Morgan rum and Guinness stout, said costs relating to the savings program will amount to $1.2 billion.

# World's biggest spirits maker pops 7% on $1 billion cost-cutting plan Diageo, whose brands include Johnnie Walker scotch whisky, Captain Morgan rum and Guinness stout, said costs relating to the savings program will amount to $1.2 billion. **Read the full article:** [CNBC](https://www.cnbc.com/2026/08/06/diageo-savings-plan-restructuring-earnings-spirits.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*