Diageo Plc is a global leader in the beverage alcohol industry, specializing in the production and distribution of a diverse range of premium spirits, beers, and wines
The company’s extensive portfolio includes well-known brands such as Johnnie Walker, Guinness, Smirnoff, and Baileys, catering to a wide array of consumer preferences around the world. Diageo is committed to responsible drinking and sustainability, continuously innovating to enhance its product offerings while promoting environmental and social responsibility throughout its operations. With a strong focus on market expansion and brand development, Diageo plays a significant role in shaping the global beverage landscape.
Diageo shares are trading lower Wednesday following the company's first-half FY25 earnings report, which showed a year-over-year decline in financial results.
Diageo reported a slight 0.6% drop in net sales for H1 FY25, primarily due to unfavorable foreign exchange. The company suspended medium-term guidance, citing uncertainties, including tariffs, and committed to more frequent updates on its performance.
As part of its efforts to build an increasingly resilient and efficient supply network, premium drinks company Diageo North America announced plans to open a new manufacturing and warehousing facility in Montgomery, Alabama. The 360,000 square foot facility will have a multi-million case annual production capacity for Diageo’s leading beverage alcohol brands. This site will enhance the company’s North America supply chain operations and support future growth for the company’s export business.
Diageo is selling its 80.4% stake in Guinness Ghana Breweries to Castel Group, enhancing their African partnership. While the sale moves forward, Diageo retains ownership of the Guinness brand and other products.
Shares of major alcohol producers and distributors declined sharply following a warning issued by U.S. Surgeon General Vivek Murthy about the increased cancer risks associated with alcohol consumption.
DHL Supply Chain, the Americas leader in contract logistics, and Diageo North America, a premium drinks company, have announced plans to incorporate two fuel cell electric trucks, powered with hydrogen, to their U.S. fleet. The Class 8 trucks, manufactured by Nikola Corporation, will be deployed and fueled with a HYLA modular refueler at the Diageo campus in Plainfield, Ill., marking a milestone for the state.
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