Diageo Plc has removed its sales growth target due to economic and political uncertainty in key markets, including the US where threatened tariffs on Canada and Mexico could affect its brands such as tequila and Canadian whisky. The company cited sluggish growth and tariff uncertainty, making forecasting complex. CEO Debra Crew warned that these factors could impact Diageo’s momentum, especially for its key brands.
Source: https://www.bloomberg.com/news/articles/2025-02-04/diageo-removes-sales-growth-targets-as-us-tariff-battle-looms