1023 GMT - Diageo isn't out of the woods yet, but its latest quarter has provided some glimmers of hope, head of markets at interactive investor Richard Hunter says in a note. Although the effects of U.S. tariffs are likely to have an impact on the group's performance, the U.K. spirits maker estimates that its mitigating actions, such as increasing prices, cost control and supply-chain management will limit the damage. Furthermore, the company confirmed its guidance for the current fiscal year ending in June in terms of organic net sales growth and operating profit. While being positive, "investors' unbridled conviction for prospects is yet to come," Hunter says. Shares are down 0.5% at 21.41 pounds. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
May 19, 2025 06:23 ET (10:23 GMT)
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