1334 GMT - Diageo has had little to toast so far in 2025, AJ Bell's Russ Mould says in a note. First the calls from U.S. surgeon general for warnings about the health impacts of alcohol consumption and now it has withdrawn its medium-term guidance. The Guinness beer owner scrapped its midterm outlook of organic net sales growth of between 5% and 7%, citing uncertainty in key markets. The company said U.S. tariffs would affect the Mexican tequila and Canadian whisky it sells in the U.S. AJ Bell's investment director says the group will be relieved to see the imposition of tariffs for these two countries delayed for now, as imports from these countries account for a good chunk of Diageo's U.S. sales. Shares are down 0.7% at 23.49 pounds. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
February 04, 2025 08:34 ET (13:34 GMT)
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