Heineken's Results Underwhelm, Guidance Upgrade Doesn't Surprise -- Market Talk

Dow Jones07-29

0650 GMT - Heineken's 1H performance was underwhelming given that almost every line of its profit and loss table missed market expectations, RBC analysts James Edwardes Jones and Emma Letheren say in a note. The brewer missed volume growth expectations to a larger extent than price, justifying RBC's concern around Heineken's persistent price increases, they say. By region, Africa, Middle East and Eastern Europe outperformed despite volatility in Africa, and Heineken reported share gains in the majority of European markets despite missing revenue growth expectations, they say. While Heineken upgraded its guidance to 4%-8% organic profit growth, this didn't come as a surprise given recent comments from the CEO, the analysts say. (michael.susin@wsj.com)

(END) Dow Jones Newswires

July 29, 2024 02:50 ET (06:50 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2455681516?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-29 14:50","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2455681516","market":"sh","top_or_hot":-1,"title":"Heineken's Results Underwhelm, Guidance Upgrade Doesn't Surprise -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0650 GMT - Heineken's 1H performance was underwhelming given that almost every line of its profit and loss table missed market expectations, RBC analysts James Edwardes Jones and Emma Letheren say in a note. The brewer missed volume growth expectations to a larger extent than price, justifying RBC's concern around Heineken's persistent price increases, they say. By region, Africa, Middle East and Eastern Europe outperformed despite volatility in Africa, and Heineken reported share gains in the majority of European markets despite missing revenue growth expectations, they say. While Heineken upgraded its guidance to 4%-8% organic profit growth, this didn't come as a surprise given recent comments from the CEO, the analysts say. (michael.susin@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 29, 2024 02:50 ET (06:50 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Heineken's Results Underwhelm, Guidance Upgrade Doesn't Surprise -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHeineken's Results Underwhelm, Guidance Upgrade Doesn't Surprise -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-29 14:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0650 GMT - Heineken's 1H performance was underwhelming given that almost every line of its profit and loss table missed market expectations, RBC analysts James Edwardes Jones and Emma Letheren say in ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HEINY","symbol_name":"Heineken N.V.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2455681516","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2455681516","pubTimestamp":1722235800,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0650 GMT - Heineken's 1H performance was underwhelming given that almost every line of its profit and loss table missed market expectations, RBC analysts James Edwardes Jones and Emma Letheren say in a note. The brewer missed volume growth expectations to a larger extent than price, justifying RBC's concern around Heineken's persistent price increases, they say. By region, Africa, Middle East and Eastern Europe outperformed despite volatility in Africa, and Heineken reported share gains in the majority of European markets despite missing revenue growth expectations, they say. While Heineken upgraded its guidance to 4%-8% organic profit growth, this didn't come as a surprise given recent comments from the CEO, the analysts say. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"HEINY":"Heineken N.V."},"translate_title":"喜力业绩不佳，指引升级并不令人意外——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HEINY":0.9},"content_text":"0650 GMT - Heineken's 1H performance was underwhelming given that almost every line of its profit and loss table missed market expectations, RBC analysts James Edwardes Jones and Emma Letheren say in a note. The brewer missed volume growth expectations to a larger extent than price, justifying RBC's concern around Heineken's persistent price increases, they say. By region, Africa, Middle East and Eastern Europe outperformed despite volatility in Africa, and Heineken reported share gains in the majority of European markets despite missing revenue growth expectations, they say. While Heineken upgraded its guidance to 4%-8% organic profit growth, this didn't come as a surprise given recent comments from the CEO, the analysts say. (michael.susin@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 29, 2024 02:50 ET (06:50 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.4","shortVersion":"4.26.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2455681516"}