Diageo CEO Says Policy Changes Behind Weak China Sales -- Market Talk

Dow Jones

2025/11/06

1243 GMT - Policy changes in China are to blame for weaker sales in white spirits, specifically baijiu, Diageo's interim CEO Nik Jhangiani says in a call with investors. The U.K. company lowered its full-year guidance for sales and profit growth, citing weakness in the U.S. and China. Asia-Pacific sales took a hit in the first quarter of fiscal 2026, which ended Sept. 30, with organic growth falling 7.5% year-on-year. It attributed the decline in the region to lower consumption of white spirits in China, specifically baijiu. Shares are down 5.9% at 16.92 pounds. (aimee.look@wsj.com)

(END) Dow Jones Newswires

November 06, 2025 07:44 ET (12:44 GMT)

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The U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. company lowered its full-year guidance for sales and profit growth, citing weakness in the U.S. and China. Asia-Pacific sales took a hit in the first quarter of fiscal 2026, which ended Sept. 30, with organic growth falling 7.5% year-on-year. It attributed the decline in the region to lower consumption of white spirits in China, specifically baijiu. Shares are down 5.9% at 16.92 pounds. 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The U.K. company lowered its full-year guidance for sales and profit growth, citing weakness in the U.S. and China. Asia-Pacific sales took a hit in the first quarter of fiscal 2026, which ended Sept. 30, with organic growth falling 7.5% year-on-year. It attributed the decline in the region to lower consumption of white spirits in China, specifically baijiu. Shares are down 5.9% at 16.92 pounds. (aimee.look@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 06, 2025 07:44 ET (12:44 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}