Pernod, Heineken Set to Provide Consumer Confidence Gauge
- Growth for beverage makers hinges on markets in Asia
- NatWest, Airbus, Stellantis and Renault are also due to report
Acoholic beverages, produced by Pernod Ricard SA.
Photographer: Christophe Morin/BloombergThis article is for subscribers only.
Spirits producer Pernod Ricard SA and brewer Heineken NV will be at the mercy of faltering consumer confidence in Europe in reports this week.
Growth at both companies hinges on the strength of the Asian market and the popularity of their higher-priced premium brands, said Bloomberg Intelligence’s Duncan Fox. Heineken may fare better than its French peer, thanks to its lower exposure to an uncertain Chinese market, according to Citi, which favors beer stocks over liquor.