Diageo plc Sponsored ADR (DEO)
Tequila has to be made in Mexico. Diageo offers no financial outlook on tariff uncertainty.
The maker of Don Julio tequila and Crown Royal whisky said on Tuesday it can't provide financial guidance because of the uncertainty over tariffs.
Diageo warns of tariff hit as profit slips and guidance scrapped
Diageo PLC has removed medium-term guidance as it warned over the impact of tariffs by the US on Mexico and Canada. Firmed up by Donald Trump at the weekend, tariffs on Mexican and Canadian imports were set to come into force on Tuesday but later delayed for a month on respective deals.
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.
Troubles Mount for DEO Before 1H25 Earnings: Smart Buy or Risky Bet?
Diageo's 1H25 results are expected to reflect the continued impacts of troubles in the LAC and North America businesses.
Diageo slides as Trump tariffs to hit Mexican, Canadian production
Diageo PLC was among companies facing pressure on Monday after US president Donald Trump firmed up tariffs on Canadian and Mexican imports over the weekend. Diageo, which owns the likes of the Crown Royal, Don Julio and Casamigos brands, dropped 3% to 2,345.5p on Monday.
DEO North America Invests in Montgomery: What It Means for the Stock
Diageo's investment in a new facility in Montgomery strengthens its supply chain, drives sustainable growth and boosts local economic development.
Top investors question Diageo's growth goals
Diageo's new finance chief Nik Jhangiani is under pressure to row back on the spirits giant's medium-term sales goals next week, which some investors say may no longer be realistic given sliding sales across the sector.
Diageo to sell Guinness Ghana stake to Castel for $81 mln
Spirits giant Diageo has agreed to sell its 80.4% shareholding in Guinness Ghana to Castel Group for $81 million, it said on Tuesday, continuing to refine its operating model in Africa.
Diageo denial of Guinness sales underlines recovery story, Jefferies believes
Diageo PLC's (LSE:DGE) confirmation that Guinness or its MH stake (34%) are not for sale points to confidence that cash and returns will improve as recovery becomes visible according to US broker Jefferies. The brokers added that the market narrative around such disposals is that they will help to unlock value through accelerating deleveraging and bringing forward buybacks.
Diageo dismisses Guinness and Moet Hennessy sale reports
Guinness owner Diageo has dismissed reports that it might sell the iconic black stout or its stake in spirits group Moet Hennessy. Bloomberg News reported on Friday that the company was exploring options for Guinness and champagne and cognac giant Moet Hennessy.
Diageo says it has no intention to sell Guinness or stake in Moet Hennessy
Diageo does not intend to sell its beer brand Guinness or its stake in Moet Hennessy, LVMH's drinks unit, the world's top spirits makers said on Sunday.
Diageo denies reports that it is considering selling Guinness or its stake in Moët Hennessy
Diageo has denied reports that it is considering selling Guinness or its stake in Moët Hennessy. Bloomberg had reported that the company was reviewing its portfolio.
