Diageo shares pop as CEO steps down with immediate effect
Diageo PLC (LSE:DGE) shares spiked after the Guinness and Smirnoff maker said that Debra Crew has stepped down as chief executive with immediate effect. Insisting the move had been by mutual agreement, the FTSE 100 booze maker said it has begun a "comprehensive formal search process", examining both internal and external candidates.
Can Diageo Sustain Its Premiumization Momentum Amid Global Headwinds?
DEO leans on premium brands like Don Julio and Guinness to offset global headwinds and sustain growth momentum.
Diageo: Steady as she goes, says American bank
Diageo PLC (LSE:DGE) finds itself in a holding pattern, delivering on its current targets while managing expectations for the year ahead. As the company approaches its full-year results on August 5, the focus will be on the outlook for 2026, which is expected to show modest organic sales growth.
Diageo defies sector gloom as Remy Cointreau scraps 2030 targets
Drinks giant Diageo PLC (LSE:DGE) opened higher on Wednesday, appearing unfazed by a profit warning from French rival Remy Cointreau, which abandoned its long-term growth targets due to persistent weakness in key markets and the impact of tariffs. Remy, best known for its cognac and Cointreau liqueur, said its 2030 sales ambitions were no longer achievable, citing continued sluggish demand in the US, ongoing pressure in China, and trade tariffs on its flagship cognac.
Diageo: Outlook Confirmed - We Remain Buyers
Diageo's management is focused on margin control, cost savings, and positive operating leverage, targeting $3 billion free cash flow in 2026 and lower leverage by 2028. US tariffs are manageable, with mitigation strategies in place. Europe is performing well, and supply chain optimizations support future EPS growth. DEO announced a $500 million cost savings plan over the next three years.
Rumors Of Diageo's Death Appear Greatly Exaggerated
Diageo's stock is significantly down from its 2021 highs, but its premium brands and strong margins remain intact, despite stagnant growth and high debt. The current valuation is historically attractive, trading at a discount at only 17.7x earnings and 3x sales, making it appealing for long-term investors. Concerns about Gen Z drinking less are overstated; premium brands like Guinness and Don Julio continue to drive organic growth and long-term value.
Diageo resets expectations but offers plenty of self-help for the patient
Diageo is in repair mode. Growth has stalled, margins have slipped, and debt is running higher than the company would like.
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Diageo Issues Q3 Sales Data & Other Updates, Organic Sales Rise 5.9%
DEO net sales of $4.4 billion jumped 2.9% year over year for third-quarter fiscal 2025. Robust organic volumes and positive price/mix aid organic sales.
Guinness Parent Diageo Expects $150M Annualized Impact From Tariffs
Alcoholic beverage giant Diageo (DEO) said in its fiscal third-quarter report Monday that it expects a $150 million annualized impact from tariffs.
Diageo's comments about disposals 'could see Guinness sold'
Diageo PLC's (LSE:DGE) third-quarter performance benefited from some one-off factors, analysts said, noting that the group's plans to sell off some of its brands could reignite speculation that Guinness could be put on the block. Organic sales growth of 5.9% in the FTSE 100 group's third quarter benefited a lot from "technical effects", UBS analysts said, but the underlying performance was better than expected.
Diageo launches cost saving plan as sales boosted by US tariff front-loading
Diageo PLC (LSE:DGE) reported an improved rate of revenue growth in the past quarter and launched a new efficiency programme, but said sales trends were likely to reverse in the current quarter. The maker of alcoholic drinks including Guinness and Johnnie Walker estimated that it is facing an unmitigated impact of around $150 million from US tariffs on an annualised basis.
