Latest news for Heineken Holding (OTC:HKHHF) Stock

Heineken Holding NV through its subsidiary produces and distributes beverages internationally. It does not engage in operational activities and generates income almost exclusively by receiving Heineken dividends. Heineken Holding NV has five segments: Europe, Americas, Africa, Middle East & Eastern Europe, and Asia-Pacific. Heineken NV brews and sells more than 200 brands of beer in nearly 200 countries. Notable brands include Heineken, Amstel, Dos Equis, Tecate, Goldberg, Red Stripe, Legunitas, and Tiger. Close to half of Heineken NV's revenue comes from Europe, and nearly one-third of its revenue comes from the Americas. The remaining revenue is split among the Asia-Pacific, Africa, and Middle East, and Eastern Europe regions.

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Beer shares, including Anheuser-Busch Inbev SA (NYSE: BUD), Ambev S.A. (NYSE: ABEV) and Molson Coors Beverage Company (NYSE: TAP),  are trading lower Monday following weak earnings reports from Heineken Holding N.V. (OTC:HKHHF)

Beer Companies Shares Are trading Lower Today: What You Need To Know

HEINEKEN HOLDING NV ORD by Heineken Holding N.V.

Heineken Holding NV

Beer shares, including Anheuser-Busch Inbev SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUD#NYSE">BUD</a>), Ambev S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABEV#NYSE">ABEV</a>) and Molson Coors Beverage Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>), are trading lower Monday following a weak earnings report from Heineken Holding N.V. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HKHHF#OTC">HKHHF</a>)
What Happened: Heineken its half-year results, showing revenue of €17.82 billion ($19.29 billion) and operating profit of €1.54 billion. Despite achieving organic growth in beer volume and Heineken volume, Heineken&#8217;s net profit was impacted by non-cash impairments, leading to a net loss of €48 million. The outlook for the full year has been updated, with operating profit expected to grow organically by 4% to 8%.
Upcoming Earnings:
<ul>
<li>Anheuser-Busch Inbev is set to report second-quarter earnings on August 1st before market open, with an estimated EPS of 87 cents and estimated revenue of $15.56 billion.</li>
<li>Ambev S.A. will also report second-quarter earnings on August 1st before market open, with an estimated EPS of 3 cents and estimated revenue of $3.71 billion.</li>
<li>Molson Coors Beverage Company is scheduled to report second-quarter earnings on August 6th before market open, with an estimated EPS of $1.68 and estimated revenue of $3.18 billion.</li>
</ul>
Why It Matters: The weak performance of Heineken has had a ripple effect across the beer industry. With upcoming earnings reports from other major beer companies, the market is cautious about the potential for similar disappointing results. 
Price Action:
<ul>
<li>Anheuser-Busch Inbev shares are down 2.31% at $59.96.</li>
<li>Ambev S.A. shares are flat at $2.11.</li>
<li>Molson Coors Beverage Company shares are down 2.10% at $53.19.</li>
</ul>
Photo: Engin Akyurt from Pixabay.

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Max Verstappen Joins the Celebration as Heineken's Player 0.0 Champion is Crowned

/C O R R E C T I O N -- Heineken/

Heineken Holding

Beer shares, including Anheuser-Busch Inbev SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUD#NYSE">BUD</a>), Ambev S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABEV#NYSE">ABEV</a>) and Molson Coors Beverage Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>), are trading lower Monday following a weak earnings report from Heineken Holding N.V. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HKHHF#OTC">HKHHF</a>)



What Happened: Heineken its half-year results, showing revenue of €17.82 billion ($19.29 billion) and operating profit of €1.54 billion. Despite achieving organic growth in beer volume and Heineken volume, Heineken&#8217;s net profit was impacted by non-cash impairments, leading to a net loss of €48 million. The outlook for the full year has been updated, with operating profit expected to grow organically by 4% to 8%.



Upcoming Earnings:



<ul>
<li>Anheuser-Busch Inbev is set to report second-quarter earnings on August 1st before market open, with an estimated EPS of 87 cents and estimated revenue of $15.56 billion.</li>



<li>Ambev S.A. will also report second-quarter earnings on August 1st before market open, with an estimated EPS of 3 cents and estimated revenue of $3.71 billion.</li>



<li>Molson Coors Beverage Company is scheduled to report second-quarter earnings on August 6th before market open, with an estimated EPS of $1.68 and estimated revenue of $3.18 billion.</li>
</ul>



Why It Matters: The weak performance of Heineken has had a ripple effect across the beer industry. With upcoming earnings reports from other major beer companies, the market is cautious about the potential for similar disappointing results. 



Price Action:



<ul>
<li>Anheuser-Busch Inbev shares are down 2.31% at $59.96.</li>



<li>Ambev S.A. shares are flat at $2.11.</li>



<li>Molson Coors Beverage Company shares are down 2.10% at $53.19.</li>
</ul>



Photo: Engin Akyurt from Pixabay.

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