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Diageo PLC's (LSE:DGE) third-quarter performance benefited from some one-off factors, analysts said, noting that the group's plans to sell off some of its brands could reignite speculation that Guinness could be put on the block. Organic sales growth of 5.9% in the FTSE 100 group's third quarter benefited a lot from "technical effects", UBS analysts said, but the underlying performance was be...
Diageo PLC (LSE:DGE) reported an improved rate of revenue growth in the past quarter and launched a new efficiency programme, but said sales trends were likely to reverse in the current quarter. The maker of alcoholic drinks including Guinness and Johnnie Walker estimated that it is facing an unmitigated impact of around $150 million from US tariffs on an annualised basis.
The company behind Johnnie Walker whisky, Guinness beer and Smirnoff vodka expects U.S. tariffs to result in an unmitigated $150 million hit on profit, but reiterated its guidance for the year.
Diageo , the maker of Johnnie Walker whisky and Guinness beer, launched a plan to save $500 million by 2028 after years of sales declines and lowered the expected hit from U.S. tariffs after Washington held off threats of higher duties, for now.
ONTARIO--(BUSINESS WIRE)--Through this partnership Diageo and BITS have supported over 1,200 entrepreneurs with training and resources in the past three years.
NEW YORK--(BUSINESS WIRE)-- #CelebrateResponsibly--Diageo is the Official Spirits Sponsor in the Americas of the FIFA World Cup 26™.
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