1153 GMT - Dutch brewer Heineken flagged weakening beer markets in Mexico and Brazil, which doesn't bode well for Belgium-based rival Anheuser-Busch InBev, Barclays says in a research note. Heineken says volumes and adjusted net revenue grew in Mexico, but it remains cautious about the consumer environment in the near term. Regarding Brazil, Heineken says beer volumes and adjusted net revenue declined, but that it nevertheless captured market share by volume and value in a flat and softening market. Bud brewer AB InBev, which is due to report Thursday, generates about 22% of its sales in Mexico and 15% in Brazil, according to FactSet. Heineken shares fall 6.3%, while AB InBev is down 1.8%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
July 28, 2025 07:53 ET (11:53 GMT)
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