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Smirnoff Maker Diageo Scraps Midterm Guidance Amid Tariff Uncertainty
The spirits maker said U.S. trade tariffs could derail its recovery as it withdrew its target of organic net sales growth over the medium term.
Diageo scraps medium-term guidance amid tariffs “complexity”
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. That guidance was "removed" today (4 February) as Diageo released its first-half numbers for the 2025 financial year.
Diageo Stock Drops. After Earnings. Trump Tariffs Make Guidance Impossible.
With the cloud of levies on all imports still hanging over the outlook, the maker of Don Julio tequila, on Monday scrapped its financial guidance for the coming year.
Tariffs add a new twist as Don Julio tequila and Guinness maker Diageo faces a rocky 2025
Diageo knew tariffs were coming, but being "effective immediately" has left it to deal with uncertainty in 2025.
Tequila maker Diageo axes sales target on Trump tariffs
Diageo, the maker of Guinness stout and Johnnie Walker whisky, scrapped Tuesday a key performance target with President Donald Trump's tariff plans set to sour its US sales of tequila
2h
Diageo PLC (DEO) H1 2025 Earnings Call Highlights: Strong Brand Growth Amidst Global Challenges
Diageo PLC (DEO) reports robust performance in key markets, while navigating economic headwinds and strategic investments.
19h
Diageo Q2: When Pessimism Becomes Too Much
Analysis of Diageo plc's sales growth in various regions, investor concerns, and share price slump, suggesting a buying ...
15h
Diageo Projects $200 Million Profit Hit From Mexico, Canada Tariffs
Spirits giant Diageo said U.S. tariffs on goods from Mexico and Canada could amount to a $200 million hit on its annual ...
31m
The Diageo share price could be a long-term bargain. But is it?
This shareholder reckons a strong brand portfolio could mean the Diageo share price turns out to be a bargain. So will he buy more shares?
Nairametrics
35m
Diageo sells 80.4% stake in Guinness Ghana to Castel Group for $81 million, outlines terms
Diageo plc has officially announced the sale of an 80.4% shareholding in Guinness Ghana Breweries plc to Castel Group, as ...
The Sunday Business Post
1h
Diageo investors in low spirits as drinks giant forfeits sales target in face of Trump’s tariff threat
Rumours of a Guinness spin-off seem to have been dismissed, according to Chris Beckett, head of research at Quilter Cheviot ...
1d
Diageo Withdraws Medium-Term Sales Forecast
The maker of Johnnie Walker whisky and Guinness beer had earlier forecast medium-term organic net sales growth of 5% to 7%.
Beverage
23h
Diageo sees return to growth: but warns Trump’s tariffs could hit recovery
Diageo reports a return to growth in its fiscal 25 first half year results this morning, despite a challenging environment ...
7d
Top investors question Diageo's growth goals
Diageo's new finance chief Nik Jhangiani is under pressure to row back on the spirits giant's medium-term sales goals next ...
Marketing Week
19h
Diageo’s new CFO pledges greater ‘rigour’ in measuring marketing effectiveness
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 ...
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Tariffs
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