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Spirits maker Diageo removes medium-term guidance on U.S. tariff uncertainty
The drinks maker has come under pressure from investors amid falling sales, management changes, and a broader trend toward reduced alcohol consumption.
Diageo withdraws medium-term sales forecast
Diageo , the world's top spirits maker, withdrew its medium-term organic sales growth target on Tuesday, citing macroeconomic and geopolitical uncertainty hurting the pace of its recovery.
Smirnoff Vodka Maker Diageo Scraps Midterm Guidance on Uncertainty in Key Markets
The spirits maker said macroeconomic and geopolitical uncertainty in key markets was affecting the pace of recovery as it withdrew its organic net sales target.
Diageo scraps guidance amid tariffs, demand uncertainty
Drinks maker Diageo has scrapped its long-standing sales growth guidance, blaming the uncertainty over US tariffs and weak demand in key markets, as the company comes under pressure from investors to improve performance.
Diageo H1 Results Down, H2 To Reflect US Tariffs; Withdraws Mid-term View
Diageo plc (DGE.L), a provider of alcoholic beverages, reported Tuesday that its first-half profit attributable to parent company's
Diageo scraps medium term financial guidance
Drinks maker Diageo has scrapped its medium term sales guidance, blaming the uncertainty over US tariffs and consumer volatility in key markets, as the company comes under pressure from investors to improve performance.
Diageo scraps medium-term sales forecast amid economic uncertainty
While Diageo is still confident it can outperform the market eventually, it's taking a more careful, reactive approach to short-term forecasting. Investors and analysts will now rely on Diageo's regular updates for better understanding of how it's handling these changing conditions.
Diageo withdraws medium-term goals as tariffs cloud outlook
Diageo withdrew its medium-term organic sales growth target on Tuesday as the world's top spirits maker took steps to try and mitigate the impact of U.S. tariffs. The maker of Johnnie Walker whisky and Guinness beer had previously forecast medium-term organic net sales growth of 5% to 7%.
51m
on MSN
Diageo Removes Sales Growth Target as US Tariff Battle Looms
Diageo Plc scrapped a long-held sales target as the British distiller grapples with sluggish growth and a possible tariff ...
16m
on MSN
FTSE 100 Live 04 February: Index seen lower amid trade turbulence, Guinness owner Diageo post results
Drinks giant Diageo today reported a return to sales growth but warned that US tariffs could impact the company’s “building ...
insider
8m
Diageo scraps sales target as US tariffs loom
Diageo has scrapped a key sales target, amid growing uncertainty over US tariffs and volatile consumer demand. The drinks ...
22h
Diageo to build $415M alcohol plant in Alabama
The Guinness maker is expanding operations in the South, saying the facility will improve its sustainability footprint and ...
2h
Diageo faces possible $600m hit from tariffs
Guinness-maker highlights changing political landscape globally and the threat of tariffs as a key risk to its business ...
City A.M.
27m
Diageo: Guinness maker warns tariffs could offset recovery
Drinks giant
Diageo
has cautioned on the effects of Donald Trump’s tariffs on its business, which outperformed analysts’ expectations this year after a significant contraction last year. US tariffs, ...
20h
Drinks giant Diageo expected to reveal another bumper performance by Guinness
The owner of Gordons gin and Baileys is also predicted to announce a 2% decrease in organic operating profits for the same ...
GlobalData on MSN
19h
Proof Drinks to handle Diageo’s Don Papa rum in UK
UK importer and distributor Proof Drinks is to handle Diageo’s Don Papa rum in the UK. The deal, effective immediately, will ...
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