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...
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.
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 J...
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 o...
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.
Diageo Offloads Cacique Rum Brand: What Does This Mean for the Stock?
DEO's strategic shifts with the Cacique sale and productivity initiatives pave the way for future growth and market expansion.
Diageo: Premiumization Drives Future Growth; Initiating With 'Buy'
Diageo's diversified portfolio and global distribution channels support its growth, despite a 0.6% organic revenue decline in FY24 due to weak consumer sentiment. The company's premiumization strat...
Diageo 'tapping' Irish reserves to offset Guinness shortage
Guinness owner Diageo PLC (LSE:DGE)is reportedly shipping supplies from its reserves from Ireland to the UK to alleviate a shortage of the famous black stout. Stories have been running for weeks ag...
Wetherspoon boss blasts Guinness owner Diageo for current shortage
JD Wetherspoon PLC's (LSE:JDW) outspoken boss Tim Martin has told Guinness owner Diageo to get its finger out and start brewing more to ease the current shortage of the black stuff. In comments to ...
Diageo flat as Guinness rationing comes to a head
Pubs have started to ration Guinness after panic buying exacerbated what was already heading to a tight supply situation over Christmas. Reports started circulating at the start of December that Gu...
Diageo rallies as Guinness maker gets double upgrade from UBS
Diageo PLC (LSE:DGE) rose to the top of the FTSE 100 risers after UBS added its name to the (short) list of brokers predicting a recovery in the Guinness and Johnnie Walker group's fortunes in 2025...
Guinness pub sales limited by Diageo as supplies run low pre-Christmas
Guinness supplies to pubs have been limited in the run-up to Christmas following a boom in sales and reported spate of panic buying. Brewer Diageo PLC (LSE:DGE) said the number of kegs UK hospitali...
Buchanan's Scotch Whisky Pledges $150,000 From its 200% Futuro Fund to Create Más Noches Buenas for 200% Foodservice Workers This Holiday Season
A continuation of the 'We Are the Spirit of the 200%' Campaign, Buchanan's 'Más Noches Buenas' campaign, featuring Marcello Hernández, invites fans to embrace the 200% holiday spirit with a series ...
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