HEINY Stock Recent News

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Nestle has become the latest company warns prices are going up in 2023 to repair its profit margins. The Swiss food and drink conglomerate will increase its prices in order to achieve organic sales growth of 6%-8% for 2023, it revealed in its latest full-year results presentation.

Heineken said it hopes to keep its beer prices steady and will take some pain from inflationary pressures. The brewing company warned input costs in Europe could increase in the high teens this year, citing significantly higher energy costs as the reason.

HEINY vs. PRNDY: Which Stock Is the Better Value Option?

At Heineken's Investor Day, the company released many strategic updates that fully support our investment thesis. In 2023, we already incorporated a decline in Europe, but we also forecasted a high-single-digit EBIT growth.

Dolf van den Brink, CEO at Heineken, speaks to CNBC's Julianna Tatelbaum on the company's capital markets day.

Heineken operates in a very resilient industry, which was not prepared for a pandemic. Heineken is recovering quickly post-covid as people can drink more outdoors, but only Asia has a lot of recoveries left.

Heineken NV Wednesday backed full-year guidance after posing a 20% rise in third-quarter net revenue following a sharp post-COVID recovery in Asia Pacific.

Heineken NV , the world's second-largest brewer, has seen signs of slowdown in demand for its beer in some European markets over recent weeks, it said on Wednesday, after its third-quarter sales rose by less than expected.

Heineken has seen a strong recovery in earnings growth since 2019. The company has shown healthy balance sheet metrics and an attractive P/E ratio.