Heineken Beats Quarterly Forecasts Amid War Concerns
The Dutch brewer reported a 2.8 percent rise in organic revenue as strong Asian demand offset declines in Europe. Management warns that rising energy costs and inflation linked to the war in Iran could impact future consumer spending.
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The Netherlands-based brewer HEINEKEN NV reported first-quarter financial results that exceeded analyst expectations on Thursday, though the company issued a cautious warning regarding geopolitical instability. Despite beating forecasts for both revenue and volume, the world’s second-largest brewer expressed concerns that escalating energy costs and inflation linked to the conflict in Iran could dampen consumer demand.
