Connect with us

Hi, what are you looking for?

Alive Business PlanAlive Business Plan

Stock

Heineken quarterly revenue slightly ahead of forecasts

LONDON (Reuters) -Dutch brewer Heineken (AS:HEIN)’s third-quarter sales figures beat forecasts on Wednesday, buoyed by higher priced and non-alcoholic beers, but full-year guidance was left unchanged.

The world’s second-largest brewer reported a 3.3% rise in organic net revenue year on year, just beating analyst expectations of 3.2% growth.

Heineken had disappointed investors earlier in the year with weaker than expected half-year figures and underwhelming full-year guidance.

The company said its namesake brand, which it prices higher than others in its portfolio, drove growth with volumes up 8.7% globally. In Africa and the Middle East and Asia Pacific, the increases were in double digits.

Volumes rose only 0.7% overall, however, and were down in two of Heineken’s three main regions.

“Our business continues to deliver in line with our plan in aggregate despite some markets navigating challenging consumer and industry trends,” Chief Executive Dolf van den Brink said in a statement.

The company left its full-year guidance of 4-8% organic operating profit growth unchanged.

This post appeared first on investing.com
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    You May Also Like

    Latest News

    The Gateway Pundit, a far-right website, published a note from its editor on Saturday acknowledging that two election workers in Georgia did not engage...

    Latest News

    New majorities in Congress, particularly when the incoming party has a new leader, offer the rare chance for the institution to take a breath...

    Investing

    JAKARTA (Reuters) -Indonesia has asked Alphabet (NASDAQ:GOOGL)’s Google and Apple (NASDAQ:AAPL) to block Chinese fast fashion e-commerce firm Temu in their application stores in...

    Latest News

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...



    Disclaimer: alivebusinessplan.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 alivebusinessplan.com