Spirits maker Diageo removes medium-term guidance on U.S. tariff uncertainty

Spirits maker Diageo is addressing potential U.S. tariffs impact on key supply chain regions, leading to removal of medium-term guidance due to uncertainty. CEO Debra Crew stated tariffs could hinder sales recovery efforts and increase complexity in providing updated guidance. Despite a 0.6% decline in first-half reported sales to $10.9 billion, the company is implementing measures such as pricing strategies and supply chain adaptation to mitigate the impact of tariffs.

Full Article