Core Viewpoint - Heineken is facing potential disruptions to its business due to new U.S. tariffs on imported canned beer, which may lead to adjustments in spending and investments [1][2]. Financial Performance - Heineken reported first-quarter revenue growth that exceeded analysts' expectations, affirming its full-year guidance despite the risks posed by tariffs [3]. - However, beer sales declined by 2.1% in the first quarter, attributed to inflation, weak consumer sentiment, and currency fluctuations [3]. Market Environment - The company highlighted broader uncertainties related to recent tariff adjustments and potential increases, emphasizing the need for agility in capital and resource allocation [2]. - The 25% duty on imported canned beer and empty aluminum cans, which took effect earlier this month, remains a significant concern for the company [2].
Heineken initially downplayed tariffs. Now the brewer is concerned