Heineken Profit Plunges as Lockdowns Pummel Sales at Bars
This article is for subscribers only.
Heineken NV, the world’s second-largest brewer, reported a 53% decline in first-half earnings as lockdowns decimated sales to bars and restaurants.
Net income plunged 76% as the company took a 550 million-euro ($630 million) asset impairment charge, Heineken said Thursday as it published unscheduled preliminary results. The stock fell as much as 5.9%.