Why Diageo Stock Was Slipping Today
DEODiageo(DEO) The Motley Fool·2024-07-31 00:38

Shares of the liquor company pulled back on a weak earnings report.Shares of Diageo (DEO -5.20%), the diversified alcohol leader and parent of brands like Johnnie Walker and Guinness, were pulling back today after the company posted disappointing results in its second-quarter earnings report, with particular weakness in the Americas.As of 11:11 a.m. ET on Tuesday, the stock was down 5.3% on the news. The consumer slowdown hits DiageoThe report included preliminary results for the fiscal year ended on June 2 ...