Stock Data
$4.37 (4.94%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
CONSUMER DEFENSIVE
Industry
BEVERAGES - WINERIES & DISTILLERIES
Diageo plc produces, markets and sells alcoholic beverages. The company is headquartered in London, the United Kingdom.
Income holders just took a hit: Diageo cut its full-year dividend to 50 cents per share from $1.03 while absorbing $2.4 billion in impairment and restructuring charges. Fiscal 2027 guidance was pushed to today's Capital Markets Day, the next real test of the turnaround.
Diageo reports before the open with the spirits slump still unresolved, and Pernod Ricard's 5.9% half-year sales drop sets the bar it has to clear. Organic growth and any guidance on US destocking will read straight through to the rest of the liquor shelf.
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