Heineken Misses Earnings Estimates

Credit: Wochit Business
Published on July 29, 2019 - Duration: 00:32s

Heineken Misses Earnings Estimates

Heineken NV is the world's second-largest brewer.

On Monday, the company announced it missed estimates for first-half profit.

Rising input costs offset higher beer sales.

It maintained its full-year forecast that operating profit before one-offs would increase by a mid-single-digit percentage.

Heineken's costs in the January to June period rose 8.5%, mainly on packaging materials including aluminum.

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Heineken Misses Earnings Estimates

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