Heineken Beats Forecasts, Warns Energy Costs and Inflation May Sap Beer Sales
Heineken reported first-quarter revenue and beer volumes ahead of forecasts, but warned that higher energy costs and inflation linked to the war in Iran could weigh on demand. The brewer said those pressures could sap beer sales despite the stronger-than-expected start to the year.
From the sources (4 posts)
@businessHeineken beer volumes fell slightly more than expected in the first quarter amid falling demand in crucial markets including Europe and the Americas
@reutersbizEnergy costs, inflation could sap beer sales, Heineken says
@reutersHeineken beat first-quarter revenue and volume forecasts but warned that higher energy costs and inflation linked to the war in Iran could impact beer demand
@reutersbizHeineken beat first-quarter revenue and volume forecasts but warned that higher energy costs and inflation linked to the war in Iran could impact beer demand