Diageo Stock Drops. After Earnings. Trump Tariffs Make Guidance Impossible. - Barron's

1. Diageo scrapped its financial guidance due to tariff uncertainty. 2. Company expected 5-7% organic sales growth before guidance change. 3. CEO stated actions are being taken to mitigate tariff impacts. 4. Diageo's ADRs fell 1.7% in premarket trading. 5. Constellation Brands also downgraded amid profit forecast reductions.