Heineken beer sales lower than expected on Asia weakness

Tajammul Pangarkar
Tajammul Pangarkar

Updated · Oct 27, 2021

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October 27, 2021

BRUSSELS (Reuters) – Heineken, the world’s second-largest brewer, on Wednesday reported a steeper than expected decline in third-quarter beer sales after COVID-19 restrictions depressed volumes across Asia.

The Dutch brewing giant said it sold 5.1% less beer on a like-for-like basis than a year earlier, with Asia-Pacific sales down 37.4%.

The maker of Europe’s top-selling beer, Heineken, along with Tiger and Sol lagers, retained its forecast that full-year results would be below those of pre-pandemic 2019.

(Reporting by Philip Blenkinsop; Editing by David Goodman)

Source Link Heineken beer sales lower than expected on Asia weakness

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Tajammul Pangarkar

Tajammul Pangarkar

Tajammul Pangarkar is a CMO at Prudour Pvt Ltd. Tajammul longstanding experience in the fields of mobile technology and industry research is often reflected in his insightful body of work. His interest lies in understanding tech trends, dissecting mobile applications, and raising general awareness of technical know-how. He frequently contributes to numerous industry-specific magazines and forums. When he’s not ruminating about various happenings in the tech world, he can usually be found indulging in his next favorite interest - table tennis.

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