Spirits maker Diageo removes medium-term guidance on U.S. tariff uncertainty
Diageo said Tuesday that it is taking steps to deal with the potential impact of U.S. tariffs and removed its medium-term guidance due to macroeconomic and geopolitical uncertainty. The drinks maker has come under pressure from investors amid falling sales,
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%. CEO Debra Crew said tariffs in the U.S. announced over the weekend added to "further complexity in our ability to provide updated forward guidance".
Diageo scraps medium-term guidance amid tariffs “complexity”
UK spirits major Diageo has pulled its medium-term guidance for its full year fiscal 2025 amid "macroeconomic and geopolitical uncertainty".
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 goals as tariffs cloud outlook
Diageo withdrew its ambitious sales growth target on Tuesday, in an acknowledgement a prolonged downturn in demand and uncertainty over U.S. President Donald Trump's tariffs require the spirits sector to make big adjustments.
Alcohol Giant Diageo Suspends Medium-Term Guidance As Trump's Tariff Looms
Alcoholic beverage company Diageo Plc (NYSE:DEO) released first-half FY25 earnings results and suspended medium-term guidance. The company reported net sales of $10.9 billion for the half year ended December 2024,
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 axes medium-term guidance on Trump tariff concerns
Guinness owner Diageo has ditched its medium-term guidance as it warned US tariff measures could stymie a recovery in demand.
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