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Diageo cut its annual forecast due to weak U.S. and Chinese demand, economic uncertainty, and higher costs.
Diageo has lowered its annual sales and profit forecast due to weak demand in the U.S. and China, citing economic uncertainty, shifting drinking habits, and reduced business spending on premium spirits.
Currency fluctuations and supply chain issues further pressured margins.
The company is implementing cost controls and adjusting marketing efforts, though it maintains its long-term growth strategy, focusing on emerging markets and premium brands.
This marks the second forecast cut this year.
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Diageo recortó su pronóstico anual debido a la débil demanda de Estados Unidos y China, la incertidumbre económica y los costos más altos.