Guinness 0.0 advertising at Cheltenham Racecourse. Photo: PA
Guinness maker Diageo lowered its full-year outlook for sales and profit as weak demand in China and the US weigh on demand.
The maker of Guinness stout and Johnnie Walker whisky now expects full-year organic net sales to be flat to slightly down, the company said, citing reduced consumption in China and a weaker-than-expected US consumer environment. It had previously forecast growth at a similar level to the prior year.
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