Diageo shares rebound on mixed Q3 results as Brookfield takes new stake

Diageo’s fiscal 2025 Q3 trading statement showed uneven regional performance. European organic net sales were flat, while Latin America and the Caribbean grew 28.5%, Africa rose 10.1% and North America posted 6.2% organic growth, with US spirits up 7%. About 4% of the group’s growth came from a pull‑forward of imports ahead of a 10% tariff on UK and European spirits entering the United States, an effect expected to reverse in Q4. The company estimates the tariff could cost roughly $150 million annually and plans to mitigate about half of that impact. Diageo’s Accelerate programme targets £500 million of cost savings over three years. Since mid‑March, the stock has recovered about 13% and analyst consensus values the shares at roughly 24% above the current price, implying a potential 12‑month gain of around 24%. In related investor activity, Brookfield Corp acquired 299,180 Diageo shares for about $22.3 million, bringing its holding to roughly 0.05% of the company.