Diageo Lowers Outlook Amid Headwinds

2 months ago

Louise Moon

"so DJ cut its full year outlook. So expecting full year sales to be flat essentially or slightly down. Um and their first quarter sales also came in flat. Essentially it was a really interesting one, as they've noted subdued demand in the US and a hit from the impact of a government policy in China, where consumption at official events has declined. And then there was also a lack of news on their search for the new CEO, with shares being pulled down this morning on the Footsie 100 in London. We're not satisfied with our current performance and we're focused on what we can manage and control."

Louise Moon details Diageo's disappointing outlook with flat sales projections and challenges in key markets like the US and China, compounded by leadership uncertainty, which is weighing on its share price.