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

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.