Spirits maker Diageo removes medium-term guidance on U.S. tariff uncertainty
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Diageo, a major spirits maker, has removed its medium-term guidance due to uncertainty surrounding U.S. tariffs. The company faces challenges from declining sales, management changes, and a trend towards reduced alcohol consumption.
February 04, 2025 | 7:30 am
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Diageo has removed its medium-term guidance due to U.S. tariff uncertainty, declining sales, management changes, and a trend towards reduced alcohol consumption.
The removal of medium-term guidance indicates significant uncertainty and potential negative impacts on future revenues. Combined with declining sales and management changes, this news is likely to negatively impact Diageo's stock price in the short term.
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