Why Diageo Stock Was Slipping Today

Shares of the liquor company pulled back on a weak earnings report. The consumer slowdown hits Diageo On the bottom line, Diageo also struggled. Adjusted operating profit fell 5% on an organic basis to $5.9 billion, and the company reported adjusted earnings per share of$1.80, down from $1.97 in 2023. 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-quarte ...