Diageo scraps medium-term guidance amid tariffs “complexity”
UK spirits major Diageo has pulled its medium-term guidance, citing "macroeconomic and geopolitical uncertainty". The Johnnie Walker brand owner had previously forecasted medium-term organic top-line growth of 5-7% when it reported annual results for fiscal 2024 in July.
Diageo estimates its operating profit could be dented by roughly $200 million if U.S. tariffs on Mexico and Canada are ...
Analysis of Diageo plc's sales growth in various regions, investor concerns, and share price slump, suggesting a buying ...
Spirits giant Diageo said U.S. tariffs on goods from Mexico and Canada could amount to a $200 million hit on its annual operating profit. Imports from Canada and Mexico represent about 45% of Diageo’s ...
The Guinness owner cut marketing spend by 2% in the first half of the year, as the new CFO puts the emphasis on “rigour” and ...
January is when millions of western drinkers forgo alcohol for a month. But investors’ abstinence from European spirits companies has lasted for years. Half-year results from Diageo on Tuesday will do ...
The spirits giant warned that it was taking a hit from volatile consumer demand, with the company having scrapped a key sales ...
Drinks giant Diageo today reported a return to sales growth but warned that US tariffs could impact the company’s “building ...
Diageo knew tariffs were coming, but being "effective immediately" has left it to deal with uncertainty in 2025.
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