Diageo scraps guidance amid tariffs and demand uncertainty

3 days ago · The London-listed maker of Guinness and Johnnie Walker whisky said on Tuesday that sales in the six months to the end of December fell 0.6 per cent to $10.9 billion (€10.6 …

CouponFollow Extension

$10
OFF

Diageo Scraps Guidance Amid Tariffs And Demand Uncertainty

2 weeks from now

3 days ago · The London-listed maker of Guinness and Johnnie Walker whisky said on Tuesday that sales in the six months to the end of December fell 0.6 per cent to $10.9 billion (€10.6 …

irishtimes.com

13%
OFF

Diageo’s Share Price Topples 13% As It Cuts Sales And Profit

2 weeks from now

Nov 10, 2023 · Diageo’s Share Price Topples 13% As It Cuts Sales And Profit Guidance. Royston Wild ... Diageo now expects organic operating profit growth for the first half to decline versus …

forbes.com

3%
OFF

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

2 weeks from now

3 days ago · Diageo plc’s share price dropped 1.3% on Tuesday afternoon. The company owns more than 200 brands, including Guinness, Johnnie Walker, Bailey’s and Captain Morgan, …

euronews.com

3%
OFF

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

2 weeks from now

Diageo plc’s share price dropped 1.3% on Tuesday afternoon. The company owns more than 200 brands, including Guinness, Johnnie Walker, Bailey’s and Captain Morgan, with sales in …

msn.com

11%
OFF

Diageo Share Price Slumps After Profit Warning Issued

2 weeks from now

Nov 13, 2023 · The announcement, which came on Friday 10 November 2023, led to an 11% decline in its share price on the FTSE 100 during early Friday trading. Diageo explained that …

beveragedaily.com

$200
OFF

Companies Start Counting Potential Costs Of Trump's Tariffs

2 weeks from now

3 days ago · Diageo warned on Tuesday of a $200 million hit to its operating profits from U.S. tariffs on Mexican and Canadian imports and German auto supplier ZF flagged price hikes, as …

reuters.com

13%
OFF

Why The Diageo Share Price Is Down 13% Today - Fool UK

2 weeks from now

Nov 10, 2023 · Unfortunately, it’s also seeing “materially weaker performance” in the Latin America and Caribbean (LAC) region, which represented 11% of net sales last year.Here, …

fool.co.uk

44%
OFF

The Diageo Share Price Is Down 44% Since 2021, But I Won't Sell My ...

2 weeks from now

19 hours ago · Based on the current Diageo share price of 2,269p, this stock trades on 17.6 times earnings, delivering an earnings yield of 5.7% a year. This means that the dividend yield of …

fool.co.uk

15%
OFF

Ii View: Diageo Shares Crash 15% After Profits Warning

2 weeks from now

Nov 10, 2023 · Against the backdrop of ongoing cost pressures and geopolitical and economic uncertainty, Diageo also reduced its medium-term profit forecast to the year 2026. Growth in …

ii.co.uk

13%
OFF

Diageo’s Share Price Topples 13% As It Cuts Sales And Profit …

2 weeks from now

Nov 10, 2023 · Beverages behemoth Diageo was the FTSE 100’s biggest faller on Friday as it reduced its revenues and profits forecasts for the first half of its financial year. At £28.20, the …

finfactories.com

13%
OFF

Diageo’s Share Price Topples 13% As It Cuts Sales And Profit …

2 weeks from now

Nov 10, 2023 · Beverages behemoth Diageo was the FTSE 100’s biggest faller on Friday as it reduced its revenues and profits forecasts for the first half of its financial. Home; News; …

buildfinancialhabits.com

5%
OFF

Diageo Shares Slump After Drinks Giant Delivers First-half Profit ...

2 weeks from now

Nov 10, 2023 · For the 12 months ended on June 30, Diageo reported a 6.5% boost in organic net sales, slightly above company-provided consensus estimates of 6.4%. Diageo shares slump …

investing.com

11%
OFF

Diageo Shares Tumble After Profit Warning | The Independent

2 weeks from now

Nov 10, 2023 · Diageo shares tumble after profit warning ... which accounts for almost 11% of sales, is expected to see net sales slide by more than 20% in the current half-year against the …

independent.co.uk

13%
OFF

Diageo’s Share Price Topples 13% As It Cuts Sales And Profit …

2 weeks from now

Nov 10, 2023 · Beverages behemoth Diageo was the FTSE 100’s biggest faller on Friday as it reduced its revenues and profits forecasts for the first half of its financial

explainingfinance.com

13%
OFF

Diageo’s Share Price Topples 13% As It Cuts Sales And Profit …

2 weeks from now

Nov 10, 2023 · Beverages behemoth Diageo was the FTSE 100’s biggest faller on Friday as it reduced its revenues and profits forecasts for the first half of its financial Trending Now China …

fundsmeter.com

13%
OFF

Diageo’s Share Price Topples 13% As It Cuts Sales And Profit …

2 weeks from now

Nov 10, 2023 · Beverages behemoth Diageo was the FTSE 100’s biggest faller on Friday as it reduced its revenues and profits forecasts for the first half of its financial. Home; News; …

accessfintecho.com

13%
OFF

Diageo’s Share Price Topples 13% As It Cuts Sales And Profit …

2 weeks from now

Nov 10, 2023 · > Diageo’s Share Price Topples 13% As It Cuts Sales And Profit Guidance. Investing. Diageo’s Share Price Topples 13% As It Cuts Sales And Profit Guidance. Last …

wealthbeatnews.com

13%
OFF

Diageo's Share Price Topples 13% As It Cuts Sales And Profit …

2 weeks from now

Nov 10, 2023 · Diageo's Share Price Topples 13% As It Cuts Sales And Profit Guidance; Forbes • 11/10/23. Diageo's Share Price Topples 13% As It Cuts Sales And Profit Guidance. FTSE 100 …

public.com

13%
OFF

Diageo’s Share Price Topples 13% As It Cuts Sales And Profit …

2 weeks from now

Nov 10, 2023 · Diageo’s Share Price Topples 13% As It Cuts Sales And Profit Guidance. by admin. November 10, 2023. in Markets. 0. 74. SHARES. 1.2k. VIEWS. Share on Facebook …

finanz-news.eu

FAQs about Diageo scraps guidance amid tariffs and demand uncertainty Coupon?

How did Diageo's share price perform in end-of-week business?

At £28.20, the Diageo share price was trading 13% lower in end-of-week business. In an unscheduled trading update, the Captain Morgan and Johnnie Walker maker said it expected to experience slower growth between June and December compared with the previous six-month period. ...

Why did Diageo's operating profit drop?

Diageo said that this drop reflected "a strong double-digit net sales growth comparator as well as lower consumption and consumer downtrading due to macroeconomic pressures in the region." This caused group operating profit to drop 11.1% in the first half, to $3.3 billion. On an organic basis operating profit was down 5.4%. ...

How did Diageo's operating market perform in the first half?

Diageo’s operating market slipped 3.3% in the first half, to 30.3%. Chiekrie commented that "the profit outlook remains murky for the second half, with markets now forecasting a small decline in operating profit." He added that "the medium-term looks slightly brighter." Royston Wild owns shares in Diageo. ...

Is Diageo under pressure from investors?

Diageo was already under pressure from investors, with confidence in the company’s management waning since Ms Crew issued a shock profit warning in late 2023 following a sales slump in Latin America. Its share price has fallen about a fifth in the past 12 months as investors have grown weary of the company’s poor performance. ...

Why has Diageo scrapped its sales growth guidance?

Pressure is growing on Diageo to find ways to revive growth. Photographer: Chris Ratcliffe/Bloomberg Drinks maker Diageo has scrapped its long-standing sales growth guidance, blaming the uncertainty over US tariffs and weak demand in key markets, as the company comes under pressure from investors to improve performance. ...

Why does Diageo expect Organic operating profit growth to decline?

Diageo now expects organic operating profit growth for the first half to decline versus the same period a year earlier. This is due to "LAC's declining net sales, increased trade investment, lower operating leverage and adverse mix resulting from downtrading," it said. ...