Why Diageo Stock Cratered This Week
Source: Motley Fool
2026-02-28 10:41:05 ET
Diageo (NYSE: DEO) released its semi-annual financial update this week, and the results had investors bailing on the stock. Shares of the global alcoholic beverages company sank 10.8% this week, according to data provided by S&P Global Market Intelligence .
The results weren't what the company had previously expected, either. Now, management has lowered its guidance and cut the dividend. That sums up why investors decided to sell shares this week.
Diageo plc
NASDAQ: DEO
DEO Trading
0.32% G/L:
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1,289,560 Volume:
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DEO Stock Data
$54,634,731,308
551,037,114
0.1%
435
N/A
Beverages - Alcoholic
Consumer Staples
GB
London
