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)

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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,"columns":[],"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. 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