Physical Address

304 North Cardinal St.
Dorchester Center, MA 02124

Diageo eliminates medium term orientation on the uncertainty of the US tariff.


Tag bottles of the label Red Diageo Walker, owned by Diageo, in a supermarket in Chelmsford, United Kingdom, on Tuesday, January 28, 2025.

Bloomberg | Getty images

Creator of spirits Diageo On Tuesday he is taking measures to deal with the potential impact of American tariffs and has eliminated his medium -term guide due to macroeconomic and geopolitical uncertainty.

“We are taking a series of actions to mitigate the impact and interruption of our business that tariffs can cause, and we will also continue related to the administration of the United States on the broadest impact that this will have on everyone who supports the industry of The hospitality of the United States, including consumers, employees, distributors, restaurants, bars and other retail media, “Diageo said in a statement that accompanies their provisional profits.

The 100 FTSE list company recorded a 0.6% decrease in sales of the first half to $ 10.9 billion, arriving slightly ahead of the $ 10.7 billion estimated by analysts in an LSE survey.

The beverage manufacturer has been pressed by investors in the midst of sales fall, changes in management, increased weight loss medications, which can reduce alcohol consumption, and a broader trend towards Low and without alcohol products..

This is a last minute news and will be updated shortly.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *