Heineken: Q3 Resilience, CMD Upside, And Attractive Valuation

Core Insights - Heineken's Q3 results indicate a softening in the spirits and beer market, with ongoing pressure noted among lower-middle-income consumers and specific demographic groups [1] Company Performance - Heineken's performance is being analyzed in the context of its recent Q3 results and Capital Markets Day, highlighting the challenges faced in the current market environment [1] Market Trends - The overall trend in the spirits and beer industry shows a decline, affecting various companies, including Heineken, as they navigate consumer behavior changes [1]