0O26.LSE
Heineken Taps Serena Williams for 0.0 as US Beer Volumes Hit Historic Lows
Heineken's US chief executive Maggie Timoney named Serena Williams the first global ambassador for Heineken 0.0, a non-alcoholic beer that grew 86% from 2023 through 2025, even as she simultaneously fronts a GLP-1 weight-loss brand. Timoney told Bloomberg that the impact of GLP-1 drugs on drinking habits is "inconclusive," while acknowledging that US consumption of alcoholic beverages is at historic lows per a recent Gallup poll. Boston Beer reported Q2 FY2026 adjusted EPS of $3.65 versus $4.83 consensus, a 24.36% miss, on revenue of $568.34M, down 3.3% year over year, with depletions falling 6% and weakness concentrated in Twisted Tea, Truly, Samuel Adams, Hard Mountain Dew, and Dogfish Head. Molson Coors posted Q2 non-GAAP EPS of $1.58 versus $1.51 consensus and net sales of $3.10 billion, down 3.3% year over year, as financial volume fell 5.4% and US domestic shipments dropped 7.3%, against a US beer industry decline of 4.2% in the quarter. CEO Rahul Goyal, who took over October 1, 2025, is pushing a beyond-beer pivot through the Fever-Tree partnership and the $275M Monaco Cocktails acquisition completed in Q1 2026, while the company reaffirmed 2026 guidance for an underlying EPS decline of 11-15%.
0O26.LSE▲
Heineken Reports Progress on Share Buyback Programme
Heineken N.V. has reported the progress of transactions under its current share buyback programme, specifically the second €750 million tranche of its €1.5 billion buyback. From 31 August to 4 September 2026, the company repurchased 170,000 shares on exchange at an average price of €72.64, and an additional 168,706 shares from Heineken Holding N.V. Up to 4 September, a total of 6,849,014 shares have been repurchased under this tranche for a total consideration of €485,282,774, including shares from Heineken Holding. Heineken publishes weekly updates on its website every Monday.
FIFCO USA renamed North American Breweries after Saothair acquisition
US brewer FIFCO USA has been renamed North American Breweries following its acquisition by private-equity firm Saothair Capital Partners. Saothair completed the purchase of CCR American Holdings, Inc., which trades as FIFCO USA, from Heineken subsidiary Distribuidora La Florida; financial terms were not disclosed. The Rochester, New York-based business, which operates the Genesee Brewery and employs 700 people, returns to the NAB name to better align with its regional heritage. Rich Lozyniak, Saothair co-founder and operating partner, who served as NAB CEO from 2009 to 2014, said he couldn't be more excited about this next chapter. Peter Bodenham, a former NAB executive, has been appointed CEO, and the company will continue investing in the Genesee Brewery and its brands, which include Labatt, Genesee, and Seagram's Escapes.
0O26.LSE▲
Heineken Reports Progress on Share Buyback Programme
Heineken N.V. has reported the progress of transactions under its current share buyback programme, specifically the second €750 million tranche of its €1.5 billion buyback. From 24 August to 28 August 2026, the company repurchased 169,000 shares on exchange at an average price of €72.53, and an additional 169,030 shares from Heineken Holding N.V. Up to and including 28 August, a total of 6,510,308 shares have been repurchased under the second tranche for a total consideration of €460,703,460, including shares from Heineken Holding. Heineken publishes weekly updates on the programme's progress every Monday on its website.
0O26.LSE▲
European stocks close higher, extending record run on strong earnings
European stocks closed at a fresh all-time high on Wednesday, with the STOXX 600 ending at 657.14 points, up 0.04%. France's CAC-40 closed at 8,669.30 points, gaining 0.03%, while London's FTSE 100 finished at 10,888.30 points, up 0.08%. Germany's DAX slipped 0.29% to 26,126.30 points. The market continued to focus on robust corporate earnings despite lingering concerns over Middle East tensions. Glencore jumped 4.1% after reporting an 86% surge in first-half profit that beat expectations. Heineken rose 2.2% after its first-half profit came in ahead of forecasts. Novo Nordisk fell 4.3% even after raising its full-year sales and profit outlook, as investors worried that sales of its new Wegovy pill slightly missed estimates and that trial results for CagriSema, a next-generation obesity drug, faced delays. Novo Nordisk is striving to reclaim market share from Eli Lilly in the fast-growing obesity drug market. Although the company was Europe's most valuable listed firm in 2024, it has since lost significant market value.
0O26.LSE▲
Heineken Profit Beat Shows Restructuring's Power and Cost
Heineken's first-half organic operating profit climbed 6.7%, more than double the roughly 3.3% analysts had expected, as the global brewing giant's restructuring plan passed the halfway mark with around 3,000 job cuts. Management now expects productivity savings to land near the top end of its 400 million to 500 million euro target. Incoming CEO Rafael Oliveira, who takes the helm in October, inherits a leaner business but still faces patchy beer demand across the Americas and cost pressures from geopolitical tensions and extreme weather. The shares trade at $45.81, about 2.2% below a GF Value of $46.86, suggesting the market has not fully priced in the improving execution.
0O26.LSE▲
Heineken reports UK sales surge for Cruzcampo and Murphy’s as profits rise
Heineken reported a sharp increase in UK sales of its Cruzcampo and Murphy’s brands in the first half of 2026, as global profits rose following about 3,000 job cuts. The volume of Spanish lager Cruzcampo jumped more than 30% year-on-year, boosted by the launch of its Sevilla Orange flavour, while Irish stout Murphy’s doubled in volume driven by on-trade growth and the rollout of cans in shops. The brewer also highlighted a rebound in Foster’s sales and double-digit growth for premium cider Inch’s. Global revenues reached 17.56 billion euros, up 3.8% from the same period in 2025, and organic operating profit rose 6.7% to 2.17 billion euros. The job cuts were part of a restructuring plan to eliminate 5,000 to 6,000 roles over two years, aiming for cost savings at the top end of a 400 million to 500 million euro range.
0O26.LSE▲
Heineken first-half profit climbs to €1.125 billion
Heineken N.V. reported a first-half profit of €1.125 billion, or €2.05 per share, up from €744 million, or €1.33 per share, a year earlier. Revenue rose 4.7% to €14.841 billion from €14.180 billion in the same period last year.
Heineken Reports 2026 Half-Year Results with Volume Growth and Margin Expansion
Heineken N.V. reported its 2026 half-year results, delivering volume growth and robust profit delivery as its EverGreen 2030 strategy accelerates. Total volume increased 1.6%, with consolidated volume up 0.4% and licensed volume surging 23.2%. Net revenue on a BEIA basis grew 2.7% organically to €14,834 million, while operating profit rose 6.7% to €2,170 million, expanding the operating profit margin by 55 basis points to 14.6%. Diluted EPS on a BEIA basis reached €2.29, up 11.6% from €2.08 in the prior year. The company reduced full-time equivalents by approximately 3,000 in the first half, advancing planned organizational changes, and gross savings are on track at the top end of the €400–500 million range. Free operating cash flow was €1.4 billion, and the second tranche of the €1.5 billion share buyback program is on track. Heineken reiterated its full-year 2026 operating profit growth guidance of 2% to 6%.
0O26.LSE▲
Heineken repurchases 70,887 shares on exchange in latest week of buyback
Heineken N.V. reported the repurchase of 70,887 shares on exchange at an average price of €78.49 from 27 July to 31 July 2026, as part of the second €750 million tranche of its €1.5 billion share buyback programme. During the same period, 71,397 shares were repurchased from Heineken Holding N.V. Since the start of the second tranche, a total of 5,415,780 shares have been bought back for a total consideration of €380,126,406, including those acquired from Heineken Holding N.V. The company provides weekly updates on the programme's progress on its website.
0O26.LSE
Heineken invests $3.75 billion in Vietnam and Mexico amid declining alcohol consumption in the US and Europe
Heineken has poured a combined $3.75 billion into Vietnam and Mexico as only 54% of Americans reported drinking alcohol in 2025, a record low, and 71% of Europeans said they were consuming less. The Dutch brewer has invested $1 billion in Vietnam since entering in 1991, now holding a 43% market share with six breweries, though profits there were hit by an economic slowdown and a 13.2% fall in beer volumes in the first half of 2023. Last year, Heineken announced a $2.75 billion investment in Mexico, including a new factory in Yucatan, as Mexico ranked fourth in global beer consumption with 9% growth from 2022 to 2023. The company is pivoting to emerging markets as developed nations undergo a 'Great Sobering,' with Vietnam's per capita beer consumption projected to drop from 46 liters in 2023 to 41 liters in 2026 and a 25% excise tax hike phased in from 2026 to 2031 expected to further dampen demand.
Heineken reports progress on second tranche of share buyback programme
Heineken N.V. has reported transaction details for the second €750 million tranche of its €1.5 billion share buyback programme. From 6 July to 10 July 2026, the company repurchased 145,321 shares on exchange at an average price of €75.93, and an additional 161,102 shares from Heineken Holding N.V. Cumulatively, 4,977,403 shares have been bought back under this second tranche for a total consideration of €346,379,532, including shares acquired from Heineken Holding N.V.
Heineken reports progress on second tranche of share buyback programme
Heineken N.V. has reported transaction details for the second 750 million euro tranche of its 1.5 billion euro share buyback programme. From 6 July to 10 July 2026, the company repurchased 145,321 shares on exchange at an average price of 75.93 euros, and an additional 161,102 shares from Heineken Holding N.V. Since the start of the second tranche, total repurchases have reached 4,977,403 shares for a combined consideration of 346,379,532 euros, including those bought from Heineken Holding.
0O26.LSE▼
Brazil and Mexico World Cup exits to weigh on beer demand, says Morgan Stanley
The World Cup eliminations of Brazil and Mexico could dampen beer demand for Anheuser-Busch InBev, Constellation Brands, and Heineken, according to Morgan Stanley. The firm estimates that deep tournament runs historically boost beer volumes by 80 basis points in the quarter finals, 150 basis points in the semi-finals, and 215 basis points in the final. Brazil's early knockout is seen as a material negative surprise given the size of its beer market and high expectations for a deep run, adversely impacting third-quarter sales for the three brewers, with Heineken affected to a lesser extent. Attention now turns to the U.S. team's match against Belgium, which could provide an upside surprise for Anheuser-Busch if the host nation advances further.
Keurig Dr Pepper Reaffirms FY26 Guidance Amid Leadership Change
Keurig Dr Pepper reaffirmed its full-year 2026 guidance, targeting net sales between $25.9 billion and $26.4 billion and low double-digit constant-currency EPS growth. The announcement came alongside news that Rafa Oliveira, head of the Coffee Operating Unit, will depart at the end of July 2026 to become CEO of Heineken starting October 1. The company has begun a search for his replacement as it prepares to split into two US-listed companies, Beverage Co. and Global Coffee Co. CEO Tim Cofer said the business has strong momentum and remains focused on executing its 2026 priorities, including integrating JDE Peet's and achieving separation milestones.
Heineken Names JDE Peet's CEO Rafael Oliveira as First Outside Chief
Heineken has appointed Rafael Oliveira as its next CEO, marking the first time the world's second-largest brewer has chosen an external leader. Oliveira, currently CEO of Dutch coffee and tea group JDE Peet's, will assume the role on October 1 pending shareholder approval at an August 5 extraordinary meeting. He succeeds Dolf van den Brink, who departed in May, and brings experience from Kraft Heinz and Goldman Sachs. The appointment signals a push for sharper execution and financial discipline as Heineken faces soft beer volumes and shifting consumer habits under its EverGreen 2030 strategy.
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