Core Insights - Heineken's shares surged by 13.9% following the release of better-than-expected year-end earnings and a significant stock buyback announcement [1] - The company reported diluted earnings per share (EPS) of 37.3 billion for 2024, with an operating profit increase of 8.3% year over year, exceeding analysts' expectations [2] - Heineken achieved a 1.6% growth in overall beer volume, with a notable 10% increase in nonalcoholic beer volume, successfully expanding sales in both developed and emerging markets [3] - The company plans to execute share repurchases totaling $1.55 billion over the next two years, which is expected to enhance shareholder value [4] - Heineken's "EverGreen" strategy aims to adapt to changing consumer preferences by focusing more on nontraditional products like nonalcoholic beer [4]
Why Heineken Stock Is Skyrocketing Today