Beer drinkers balk at Heineken's higher prices

Upworthy

31 Jul 2023 0 shares 1 views

Beer drinkers balk at Heineken's higher prices

Upworthy

Published 31 Jul 2023

Revenues rose 6.3 per cent to €17.4 billion in the first half but operating profit fell 22 per cent to €1.6 billion as Heineken absorbed higher input and energy costs, spent more on marketing and recorded an impairment on its Russia business. Heineken said it now expected operating profit growth…

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Heineken tried passing higher costs on to beer drinkers. Now it has had to slash its full-year earnings forecast after consumers said no

Despite being a global giant, Heineken couldn’t escape the impact of inflation and rising energy expenses last year. Attempting..

Upworthy 31 Jul 2023

Beer drinkers balk at Heineken's higher prices

Beer drinkers balk at Heineken's higher prices

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Heineken tried passing higher costs on to beer drinkers. Now it has had to slash its full-year earnings forecast after consumers said no

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