Diageo plc warns of profits falling by millions if US ... - Euronews

3 days ago · The company has revealed that if the tariffs threatened by US president Donald Trump against Canada and Mexico come into effect, its profits could plunge by about $200 …

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Diageo Plc Warns Of Profits Falling By Millions If US ... - Euronews

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3 days ago · The company has revealed that if the tariffs threatened by US president Donald Trump against Canada and Mexico come into effect, its profits could plunge by about $200 …

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Diageo Plc Warns Of Profits Falling By Millions If US Tariffs Go

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The company has revealed that if the tariffs threatened by US president Donald Trump against Canada and Mexico come into effect, its profits could plunge by about $200 million (€193.7m) …

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Drinks Giant Diageo Says Trade War Could Wipe $200 Million Off …

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3 days ago · In the fist half of the year organic net sales rose just 1% to £10.9 billion while pre-tax profits were 10% lower at £2.77 billion, a fall that the company blamed mainly on “unfavourable ...

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Diageo Stock Suffers Record Fall After Smirnoff Maker Warns On …

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Nov 10, 2023 · Diageo said it expects organic net sales in the region—which makes up about 11% of its revenue—to fall more than 20% on year in its first half, meaning the six months …

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Diageo Warns Weak Spirits Demand Will Continue After Americas …

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Diageo Warns Weak Spirits Demand Will Continue After Americas Sales Drop The U.K. spirits maker booked net sales of $20.3 billion for its fiscal year 2024, down 1.4% By

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Diageo Shares Plunge As Guinness Seller Posts First Drop

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Jul 30, 2024 · The slump saw Diageo's sales fall more sharply than expected, in what saw the company post a 9% drop in its earnings per share to 173.2c, versus the 181.3c expected by …

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Tech Titans Top The World's Most Valuable Brands League In 2025

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Jan 22, 2025 · The world’s top 500 most valuable brands grew their brand value by 10% in the last year, coming up to $9.5tn (€9.14tn) in 2025. This was in contrast to global economic …

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FAQs about Diageo plc warns of profits falling by millions if US ... - Euronews Coupon?

Why was Diageo wiped off its market value?

LONDON (AP) — Spirits and beer giant Diageo PLC saw billions wiped off its market value on Friday after it warned that a sharp slowdown in its business in Latin America and the Caribbean was hitting sales and potential profits. ...

What happened to Diageo plc?

British distiller Diageo Plc disappointed investors again with lower-than-expected sales and earnings, as a slowdown in North America compounded a collapse in demand in Latin America and the Caribbean. Earnings fell 5.4% on an adjusted basis in the six months through December as 70% of its brands lost market share amid stiff price competition. ...

Why did Diageo's sales drop 2 per cent?

On Tuesday, Diageo reported its first global sales drop since 2020 with net sales down 2 per cent in North and Latin America, where the group said consumers are looking for cheaper options amid flagging sentiment. “We are in a very extraordinary consumer environment,” said chief executive Debra Crew. ...

What happened to Diageo's net sales?

Net sales fell 1.4 per cent to $11bn, down 0.6 per cent on a like-for-like basis — a bigger drop than the flat growth forecasts by analysts. Excluding the impact of the Latin America issue, net sales grew 0.7 per cent. Diageo ’s shares fell by almost 4 per cent on Tuesday morning. ...

Why did Diageo drop 23%?

Latin America and the Caribbean was the worst performing region, though, slumping 23%. Diageo issued a profit warning in November blaming higher interest rates and poor macroeconomic conditions in that market, which represents around a tenth of sales. Diageo said it expects a better second half, with earnings declining less than in the first half. ...

Why did Diageo scrap a key sales target?

Booming Guinness sales were a bright spot in the Diageo results (Liam McBurney/PA) (PA Archive) Drinks giant Diageohas scrapped a key sales growth target after its admitted President Trump’s threatened tariffs against Mexico and Canada could wipe $200 million off profits in the second half of the year. ...