US Stocks Move | Spirits Giant Diageo Drops 6.5% Pre-market as First Half Fiscal Year Sales Decline and Guidance Weakens
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Glonghui, February 25｜The British spirits manufacturing giant's shares fell 6.5% to $95.5 in pre-market trading on a certain exchange. According to reports, the exchange stated on Wednesday that its profit for the first half of the fiscal year increased year-on-year, but sales declined compared to the same period last year. For the 2026 fiscal year, the company expects organic net sales to decrease by 2% to 3%, while the organic operating profit growth rate will range from flat to low single-digit growth.
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