Diageo Sticks With Guidance Despite Tariff Hit
The company behind Johnnie Walker whisky, Guinness beer and Smirnoff vodka expects U.S. tariffs to result in an unmitigated $150 million hit on profit, but reiterated its guidance for the year.
Diageo Stock Rises 7.5% in a Month: Buy or Wait for a Pullback?
DEO faces near-term headwinds, but its strategic pricing and productivity efforts pave the way for a stronger, more efficient comeback.
Diageo and Burberry tarnished as lux rival LVMH's sales turn negative
Diageo PLC (LSE:DGE) and Burberry Group PLC (LSE:BRBY) face headwinds ahead, analysts said as they read across from a trading update from luxury giant Louis Vuitton Moet Hennessy (EPA:MC). As well as making Johnnie Walker and Crown Royal whiskey, Smirnoff and Ciroc vodka, Diageo also has a 34% stake in LVMH's Wine & Spirits division.
Diageo still top spirits pick, but the drinks market will be unsettled at best
Diageo PLC (LSE:DGE) remains the preferred name in the spirits sector, according to UBS, as the European beverages group braces for a mixed first quarter marked by foreign exchange pressure, patchy consumer demand, and lingering trade uncertainty. In a preview note ahead of results season, the bank says it continues to favour the Smirnoff and Johnnie Walker maker over its rivals despite a challenging backdrop.
Diageo taps markets with $1.5 billion bond split
Diageo PLC (LSE:DGE) has gone to market with a $1.5 billion bond deal, splitting it evenly across two maturities. The deal includes $750 million in 5.125% notes due in 2030 and another $750 million in 5.625% notes due in 2035.
Diageo Trades Below 200 & 50-Day SMA: How to Play the Stock?
DEO faces near-term headwinds, but its strategic pricing and productivity efforts could pave the way for a stronger, more efficient comeback.
DEO Enters a JV With Main Street Advisors: Things You Should Note
Diageo benefits from its focus on improving productivity, coupled with a diversified footprint. It has entered into a strategic deal with Main Street Advisors.
DEO Offloads 54.4% Stake in Seychelles Breweries: What Should You Know
Diageo benefits from its focus on improving productivity coupled with its diversified footprint. It has sold its 54.4% shareholding in Seychelles Breweries Limited to Phoenix Beverages.
Spirits giant Diageo suggests alternative to Trump's tariffs
Spirits giant Diageo has suggested the U.S. government consider tougher rules of origin requirements in trade agreements as an alternative to tariffs, a letter to the U.S. Trade Representative showed.
Don't buy into the Gen Z drinking myth, says leading investment bank; good news for Diageo
Barclays is pushing back against the idea that Gen Z has turned its back on alcohol. The investment bank says fears of a structural decline in drinking, particularly in the US, are overblown.
4 Warren Buffett Dividend Stocks Are Safe Havens During Stock Market Sell-Offs
If any investor has stood the test of time, it is Warren Buffett, and with good reason.
Americans Slash Spending: 5 High-Yield Dividend Consumer Staples Stocks Are Bulletproof
U.S. consumer spending collapsed in January, falling to lows not seen in almost four years.
