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Heineken Misses Earnings Estimates

  • Category business
  • Definition HD
  • Resolution 1280 x 720
  • Duration 00:00:33
  • Year 2019
  • Language English

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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