Diageo Faces a $200 Million Profit Hit Amid Trump Tariff Threats
Diageo, the renowned British drinks company behind brands like Johnnie Walker, Guinness, Smirnoff, and Baileys, is bracing for a challenging period as it confronts the impact of new US tariffs. The
Diageo: Fighting An Uphill Tariff Battle
Diageo has considerable earnings downside if tariffs are implemented in the US with volumes in the market already declining. Learn more on DEO stock here.
Diageo sees return to growth: but warns Trump’s tariffs could hit recovery
Diageo reports a return to growth in its fiscal 25 first half year results this morning, despite a challenging environment for spirits. But North America – its largest market – could be hit by Trump’s
Whisky giant Diageo says Donald Trump tariffs could hit profits by £161m
JOHNNIE Walker and Guinness maker Diageo has warned that US President Donald Trump’s proposed US tariffs could deal a 200 million dollar (£161 million) blow to profits
Diageo Projects $200 Million Profit Hit From Mexico, Canada Tariffs
Spirits giant Diageo said U.S. tariffs on goods from Mexico and Canada could amount to a $200 million hit on its annual operating profit. Imports from Canada and Mexico represent about 45% of Diageo’s U.
Tariffs could deal $200 million blow to Diageo in second half
Diageo estimates its operating profit could be dented by roughly $200 million if U.S. tariffs on Mexico and Canada are implemented in March, its finance chief Nik Jhangiani said on Tuesday, adding it had strategies to offset the impact.
Diageo's Non-Alcoholic Spirits Are up by 56%, Outperforming Its Alcoholic Brands
In addition to scotch distilleries and whiskies like Lagavulin, Talisker, Dalwhinnie, and Oban, Diageo owns major tequila brands Casamigos and Don Julio, flavored rum brand Captain Morgan, Canadian ...
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Tequila maker Diageo axes sales target on Trump tariffs
Diageo, the maker of Guinness stout and Johnnie Walker whisky, scrapped Tuesday a key performance target with President ...
Tariffs add a new twist as Don Julio tequila and Guinness maker Diageo stumbles into 2025
Diageo knew tariffs were coming, but being "effective immediately" has left it to deal with uncertainty in 2025.
Trump's proposed tariffs may mean higher costs for Canadian whisky in the US
Global makers of alcoholic drinks like Diageo are caught in the cross-fire of a major trade war as threatened tariffs -- ...
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Diageo removes medium-term guidance amid US tariff concerns
In its 2025 interim results announcement, Diageo scrapped its medium-term guidance due to macroeconomic and geopolitical ...
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Diageo to build $415M alcohol plant in Alabama
The Guinness maker is expanding operations in the South, saying the facility will improve its sustainability footprint and ...
Diageo Withdraws Medium-Term Sales Forecast
The maker of Johnnie Walker whisky and Guinness beer had earlier forecast medium-term organic net sales growth of 5% to 7%.
Smirnoff Maker Diageo Scraps Midterm Guidance Amid Tariff Uncertainty
The spirits maker said U.S. trade tariffs could derail its recovery as it withdrew its target of organic net sales growth ...