Guinness-owner Diageo posts 28% decline in profit following 'challenging' year
There has been turmoil at Diageo in recent weeks following the shock departure last month of its chief executive Debra Crew. File Picture
Guinness-owner Diageo has forecast flat sales for this year despite projecting a $200m (€173.3m) impact from tariffs helping to reassure investors after a period of demand and share price turbulence as well as the sudden exit of the previous chief executive.
In its preliminary results for its 2025 financial year ending on June 30, Diageo reported net sales of $20.2bn - down 0.1% compared to the previous year - with the company citing unfavourable foreign exchange as well as acquisition and disposal adjustments.
