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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 battle in the US, its biggest market. The maker of Johnnie Walker whisky has removed its medium term guidance of 5% to 7% organic net sales growth,
Diageo scraps growth guidance as US tariff threat dents outlook
US President Donald Trump on Monday pulled back from imposing 25 per cent tariffs on US imports from Mexico and Canada, giving the countries a 30-day reprieve. Diageo is the spirits group most exposed if the US goes ahead with the levies.
Spirit giant Diageo scraps sales target as US tariffs loom
The spirit giant has said it is talking with the US Government over upcoming tariff policies which could ‘impact’ its sales recovery.
8h
Diageo’s “return to growth” overshadowed by tariff risks – key takeaways
The group’s first-half results arrived hot on the heels of President Trump’s announcement of a one-month pause to tariffs on ...
Beverage
1d
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 ...
4h
Diageo falls Wednesday, underperforms market
Diageo PLC closed 26.87% below its 52-week high of £30.56, which the company reached on February 28th.
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