Goldman Warns Those Attempting To 'Buy The Dip' In Diageo: "There Is No Sign Of A Bottom"

British spirits giant Diageo Plc, one of the world's largest drink makers, has seen its London-listed shares nearly halved over the past three years as cash-strapped consumers dial back alcohol spending. The company recently reported its first global sales decline since 2020. Goldman analyst Jack McFerran told clients Tuesday that "there is no sign of a bottom, with risks still skewed to the downside."