Heineken First-Half Earnings Miss Estimates on Higher Costs, Bad Weather
- Poor weather in Europe also leads volume to decelerate
- Brewer still sees better full-year operating profit growth
Red star logos sit on Heineken beer cans at the Heineken NV brewery in Zoeterwoude, Netherlands.
Photographer: Jasper Juinen/BloombergThis article is for subscribers only.
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Heineken NV shares fell the most in almost four years after the world’s second-largest brewer reported earnings growth that almost ground to a halt, held back by costs for aluminum cans and poor weather in Europe.