HEINEKEN SALES DOWN IN THE THIRD QUARTER

HEINEKEN SALES DOWN IN THE THIRD QUARTER

Heineken’s sales in the third quarter of the year fell as a result of higher prices that led consumers in many parts of the world to choose lower priced products.

The company maintained its forecast for annual organic adjusted operating profit growth of 5%. It also maintained its net income expectations, reducing the likelihood that earnings per share will contract. According to Bloomberg Intelligence, positive sales volumes in the Americas and Heineken’s namesake premium brand enabled it to maintain stable to mid-single-digit guidance for operating profit despite bad weather in Europe.