Heineken's 3Q Was Good Enough Despite Sales Disappointment -- Market Talk

Dow Jones10-23

0749 GMT - Heineken's third quarter was good enough despite sales coming in below forecasts, Citi analysts write in a research note. Net revenue before exceptional items and amortization grew 3.3% organically to 7.68 billion euros, below a 7.78-billion-euro forecast from a consensus provided by the Dutch brewer. However, the analysts note organic beer volume growth of 0.7% came in slightly ahead of consensus of 0.5%. Organic sales growth of 3.3% also beat consensus of 3.2% slightly, they say. Heineken shares trade 2.9% higher at 79.22 euros. (mauro.orru@wsj.com)

(END) Dow Jones Newswires

October 23, 2024 03:49 ET (07:49 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/2477379601?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-23 15:49","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2477379601","market":"nz","top_or_hot":-1,"title":"Heineken's 3Q Was Good Enough Despite Sales Disappointment -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0749 GMT - Heineken's third quarter was good enough despite sales coming in below forecasts, Citi analysts write in a research note. Net revenue before exceptional items and amortization grew 3.3% organically to 7.68 billion euros, below a 7.78-billion-euro forecast from a consensus provided by the Dutch brewer. However, the analysts note organic beer volume growth of 0.7% came in slightly ahead of consensus of 0.5%. Organic sales growth of 3.3% also beat consensus of 3.2% slightly, they say. Heineken shares trade 2.9% higher at 79.22 euros. (mauro.orru@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 23, 2024 03:49 ET (07:49 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 3Q Was Good Enough Despite Sales Disappointment -- 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 3Q Was Good Enough Despite Sales Disappointment -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-23 15:49 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>0749 GMT - Heineken's third quarter was good enough despite sales coming in below forecasts, Citi analysts write in a research note. Net revenue before exceptional items and amortization grew 3.3% ...</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":"2477379601","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477379601","pubTimestamp":1729669740,"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":"0749 GMT - Heineken's third quarter was good enough despite sales coming in below forecasts, Citi analysts write in a research note. Net revenue before exceptional items and amortization grew 3.3% organically to 7.68 billion euros, below a 7.78-billion-euro forecast from a consensus provided by the Dutch brewer. However, the analysts note organic beer volume growth of 0.7% came in slightly ahead of consensus of 0.5%. Organic sales growth of 3.3% also beat consensus of 3.2% slightly, they say. Heineken shares trade 2.9% higher at 79.22 euros. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"HEINY":"Heineken N.V."},"translate_title":"尽管销售令人失望，喜力第三季度仍足够好——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HEINY":0.9},"content_text":"0749 GMT - Heineken's third quarter was good enough despite sales coming in below forecasts, Citi analysts write in a research note. Net revenue before exceptional items and amortization grew 3.3% organically to 7.68 billion euros, below a 7.78-billion-euro forecast from a consensus provided by the Dutch brewer. However, the analysts note organic beer volume growth of 0.7% came in slightly ahead of consensus of 0.5%. Organic sales growth of 3.3% also beat consensus of 3.2% slightly, they say. Heineken shares trade 2.9% higher at 79.22 euros. (mauro.orru@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 23, 2024 03:49 ET (07:49 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":"4.29.2","shortVersion":"4.29.2","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/2477379601"}