Diageo: Weak Results, Guidance Lowered, Dividend Cut, Stock Still Expensive

Core Insights - Diageo (DEO) has recently announced weak earnings, which was not entirely unexpected, but the lowered guidance and dividend cut are significant developments [1] Financial Performance - The earnings announcement from Diageo indicated a decline, leading to a revision in future guidance [1] Dividend Policy - The company has implemented a dividend cut, which is a notable change in its financial strategy [1]