The Diageo (LSE: DGE) share price decline has been an absolute shocker. Once considered one of the most solid FTSE 100 stocks of all, it’s gone into meltdown. The spirit giant’s shares are down 51% over five years, and 31% over 12 months. Just when investors think it’s about to stage a rally, it’s hit by get more bad news. But could that change on Wednesday?

Investors have been knocked flat by a poisonous cocktail of bad news. It started with dwindling sales in Latin America & the Caribbean, and extended to inventory issues, the cost-of-living crisis, US tariffs, Gen Z abstinence and plunging volumes in the Chinese white spirits market. The only bright spot has been the success of…