Heineken Backs 2023 Views Despite Seeing Weakening Consumer Demand

Updated Oct. 25, 2023 2:41 am ET

Heineken backed its full-year guidance after third-quarter revenue slightly missed market expectations, as the group focus on improving business performance amid a slowing consumer demand.

The Dutch brewer said adjusted net revenue before exceptional items and amortization—one of its preferred metrics—rose to 8.015 billion euros ($8.49 billion) in the quarter from EUR7.79 billion last year.

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