Guinness, smirnoff baileys financial difficulty,: This article explores the topic in depth.
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Guinness. In addition, smirnoff baileys financial difficulty,:
The British giant of alcoholic drinks Diageo, which owns Guinness, Smirnoff and Baileys, presented an annual profit on Tuesday in strong decline, partly attributed to the economic context, including Trump’s customs duties, forcing him to strengthen his savings plan.
The group’s net profit, which has just separated from its director general Debra Crew, stands at 2.4 billion dollars for the year 2024-2025 enclosed on June 30, in a fall of 39%.
The group. However, for whom the United States is the largest market, is affected by the customs duties imposed by Donald Trump (10% for the United Kingdom, 15% for the European Union, but exemptions for Mexico and Canada), which represent an additional direct annual cost of $ 200 million.
However, he claims to “be able to compensate about half of it”.
In this context, Diageo announces expanding guinness, smirnoff baileys financial difficulty, its savings plan to $ 625 million, against 500 million announced in May.
This plan aims to identify an available cash flow of $ 3 billion per year from 2026, but also to reduce debt.
Diageo’s turnover appears at $ 20.2 billion, slightly down 0.1% over one year.
Diageo was able to limit the breakage thanks to its brand of Tequila Don Julio. its Guinness beer, whose sales increased by 37% and 12% respectively.
It continues to bet on its range of “premium” drinks. in a context where consumers drink less, but favor more upscale products.
“Investors are somewhat embarrassed with Diageo”. forced to determine whether the slowdown in alcohol consumption is temporary and linked to the decline in purchasing power or if it is “a broader trend” for “health and lifestyle reasons”, estimates Russ Moud, analyst at AJ Bell.
The announcements of the day, however, pushed the title up guinness, smirnoff baileys financial difficulty, on the London Stock Exchange: more than 6.5% around 9:30 am GMT, one of the strongest increases of the day.
guinness. smirnoff baileys financial difficulty, — Guinness, smirnoff baileys financial difficulty,: The British giant of alcoholic drinks Diageo, which owns Guinness, Smirnoff and Baileys, presented an annual profit on Tuesday in strong decline, partly attributed to the economic context, including Trump’s customs duties, for.
Guinness, smirnoff baileys financial difficulty,
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