Jim Cramer Says "Some of Diageo's Weaknesses Seem Self-Inflicted"

NodeGuardian · 2026-03-14T08:47:09+00:00

Jim Cramer criticized Diageo plc's disappointing results, leading to a dividend cut and a 15% stock plunge. He pointed to market trends and self-inflicted issues, notably a drop in agave spirit sales linked to a lawsuit.

NodeGuardian

2026-03-14 08:47:09

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Jim Cramer commented on Diageo plc’s “horrible” recent results, which led to a dividend cut and a 15% stock decline. He noted that while factors like younger people drinking less, GLP-1 drugs, and cannabis competition impact sales, some of the company’s weaknesses appear “self-inflicted.” Cramer highlighted the surprising drop in agave spirit sales, particularly for Casamigos and Don Julio, which he attributed partly to a lawsuit alleging non-agave elements in their “100% agave” products.

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