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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.
1d
on MSN
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 ...
9h
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.
13h
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 ...
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