Diageo warns of tariff hit as profit slips and guidance scrapped
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Diageo PLC has removed its medium-term guidance due to concerns over US tariffs on Mexican and Canadian imports, which were delayed for a month. This uncertainty has impacted Diageo's profit outlook.
February 04, 2025 | 8:00 am
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Diageo PLC has removed its medium-term guidance due to potential impacts from US tariffs on Mexican and Canadian imports, affecting its profit outlook.
The removal of medium-term guidance by Diageo indicates significant uncertainty regarding future profits, primarily due to potential US tariffs on Mexican and Canadian imports. This uncertainty is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80