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 in Q3 reflects broader industry trends, with a noted decline in demand for both spirits and beer [1] Market Trends - The overall beverage industry is experiencing challenges, particularly affecting lower-middle-income consumers, which may impact future sales and growth prospects for companies like Heineken [1]