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Diageo plc (NYSE:DEO ) F25 Interim Results Q&A Conference Call February 4, 2025 4:30 AM ET Company Participants Sonya Ghobrial - Global Head of Investor Relations Debra Crew - Chief Executive Officer Nik Jhangiani - Chief Financial Officer Conference Call Participants Simon Hales - Citi Sanjeet Aujla - UBS Andrea Pistacchi - Bank of America Mitch Collett - Deutsche Bank Gen Cross - BNP Paribas Edward Mundy - Jefferies Celine Pannuti - JPMorgan James Edward Jones - RBC Operator Good morning and welcome to Diageo's F25 Interim Results Q&A Conference Call. [Operator Instructions].

CNBC's Brandon Gomez joins 'Squawk on the Street' with the latest details on how tariffs could impact the alcohol industry.

Jonny Forsyth, senior director of food & drink at Mintel, weighs in on Diageo's earnings and the potential impact of U.S. tariffs on the drinks industry.

Diageo plc's organic sales grew in most regions despite challenges, with notable success in tequila and Guinness brands, indicating resilient consumer demand. Investors are concerned about tariffs and declining alcohol interest among young people, but Diageo's long-term market presence and brand strength remain solid. DEO's current stock price slump may be an overreaction, presenting a potential buying opportunity given its strong fundamentals and high dividend yield.

Diageo PLC has no doubt left investors with questions after interim results saw uncertainty around US tariffs flagged and medium-term guidance scrapped, according to analysts. Despite organic sales and earnings growth beating consensus estimates over the first half to December, Barclays analysts noted it was “hard to make a firm conclusion” from the results.

Diageo plc (NYSE:DEO ) Q2 2025 Earnings Conference Call February 4, 2025 2:15 AM ET Company Participants Debra Crew - Chief Executive Officer Nik Jhangiani - Chief Financial Officer Conference Call Participants Debra Crew Good morning, everyone. Thank you for joining our results presentation for the first half of fiscal '25.

The maker of Don Julio tequila and Crown Royal whisky said on Tuesday it can't provide financial guidance because of the uncertainty over tariffs.

Diageo PLC has removed medium-term guidance as it warned over the impact of tariffs by the US on Mexico and Canada. Firmed up by Donald Trump at the weekend, tariffs on Mexican and Canadian imports were set to come into force on Tuesday but later delayed for a month on respective deals.

The drinks maker has come under pressure from investors amid falling sales, management changes, and a broader trend toward reduced alcohol consumption.

Diageo's 1H25 results are expected to reflect the continued impacts of troubles in the LAC and North America businesses.