By Michael Susin
Heineken backed its full-year guidance after reporting a third-quarter revenue increase that was slightly below market expectations.
The Dutch brewer said adjusted net revenue before exceptional items and amortization–one of its preferred metrics–rose to 8.015 billion euros ($8.49 billion) in the quarter from EUR7.79 billion last year.
A company-compiled consensus forecast had seen net revenue before exceptional items and amortization at EUR8.11 billion.
The company backed its expectations for the full year of stable to mid-single digit organic growth in operating profit before exceptional items and amortization.
Write to Michael Susin at michael.susin@wsj.com
