Tag: $Diageo

Diageo has cut its dividend and new chief executive Sir Dave Lewis slammed the group’s “very poor” customer service as it reported sliding sales and profits.

Spirits maker Diageo said Tuesday that it is taking steps to deal with the potential impact of U.S. tariffs on key supply chain regions and has removed its medium-term guidance due to macroeconomic and geopolitical uncertainty.

Diageo warned challenges could persist into next year after missing full-year profit expectations on Tuesday, sending shares in the world’s top spirits maker down more than 9% to a four-year low

Nov 10 (Reuters) – Diageo’s shares fell by as much as 16% on Friday after the maker of Johnnie Walker whisky said it expected first-half operating profit growth to drop due to “materially weaker performance” in Latin America and the Caribbean.