Tag: $Diageo

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.