0958 GMT - Diageo's first-half results show consistent progress, mostly in line with the company's guidance and market expectations, but uncertainty remains in the U.S., Stifel analyst Cedric Lecasble says in a research note. The U.K. spirits maker booked net sales of $10.90 billion in the six months to Dec. 31, up 1% organically on year. "Meeting expectations in this dull environment is an already solid performance, but U.S. tariffs remain the main question mark," he says. The analyst welcomed the group's decision to withdraw its medium-term outlook of organic net sales growth between 5% and 7%, as the target seemed more and more challenging in the current environment. Shares are down 3.7% at 22.78 pounds. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
February 04, 2025 04:58 ET (09:58 GMT)
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