0924 GMT - Diageo is increasingly in control of the elements of its business it can manage amid a tough environment for spirits makers, Citi analyst Simon Hales writes in a research note. The U.K. distiller reported solid results for its fiscal third quarter through March and unveiled a restructuring program, Hales says. The top-line outlook, however, remains unclear, he adds. Drinks makers are grappling with a slowdown in alcohol consumption, as well as the potential hit from U.S. tariffs. "We continue to believe in the attractive long-term fundamentals of the spirits industry and yet to be accessed 'hidden value' in Guinness," the analyst says. Citi reiterates its buy rating on the stock. Shares trade 0.9% lower. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
May 23, 2025 05:24 ET (09:24 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。