Heineken Sees Weak Europe Beer Consumption Weighing on Sales

Heineken NV, the world’s third-biggest brewer, said poor spring weather in Europe led to weak second-quarter revenue and predicted that earnings this year won’t grow as consumers in the region curb spending.

The company witnessed a “further moderation versus what we had expected after the first quarter,” Chief Executive Officer Jean-Francois van Boxmeer said today on a call with reporters. The second quarter was “clearly below” company expectations “and that will have an impact on total outlook for the year.”