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Heineken Q1 beer sales weaker than expected
2023.04.19 02:26
© Reuters. FILE PHOTO: Bottles of Heineken beer are seen at a supermarket during the coronavirus disease (COVID-19) outbreak, in Bangkok, Thailand, October 12, 2020. REUTERS/Soe Zeya Tun
BRUSSELS (Reuters) – Heineken (OTC:) reported a steeper than expected decline in first-quarter beer sales, with weaker volumes in all regions except the Americas, but maintained its forecast for profit growth in 2023.
The world’s second-largest brewer said on Wednesday that beer volumes fell by 3.0% in the Jan-March period, below the average expectation of a 1.9% decline in a company-compiled poll.
