Diaageo growth guidelines with the expectation of a tariff in the United States

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Diaageo, the drink maker, has canceled long -term sales growth instructions, blame for uncertainty about the US tariff and poor demand in the main markets, as the company is under pressure from investors to improve performance.

The sales in the six months until the end of December said 0.6 percent to $ 10.9 billion.

The decision to get rid of its goal from 5 to 7 percent for the growth of medium -term organic sales is at a time when the company faces uncertainty about the impact of the global trade war.

On Monday, US President Donald Trump fell from a 25 percent tariff on US imports from Mexico and Canada, which gave countries a 30 -day decrease. Diaageo is the most exposed Spirits if the United States continues to draw.

The CEO of Diaageo Debra Crew said that the company planned a potential tariff, but the possibility of “suburbs” adds more complicated in our ability to provide updated guidelines forward since this is a new and dynamic situation.

The shares fell by 2.9 percent in early trading in London on Tuesday.

Diago was already under pressure from investors, with confidence in the management of the company since the crew issued a warning of profit in late 2023 after sales declined in Latin America.

The price of its share has decreased about five in the past 12 months, as the investors have become terrifying from the weak company’s performance.

The long -term growth prospects for the industry also faced doubts. The demand for lives in the American category market stumbled, which raised fears that the trend for moderation among consumers who realize health and the spread of weight loss and hemp will require demand.

The size of the drinks sold during the second half of 2024 decreased by 0.2 percent with consumers’ reduction.

Despite these concerns, Crowe said that the company has been “confident of the basics of favorable industry in the long run and most importantly in our ability to outperform the market.”