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Heineken Shares Drop Most Since Pandemic As Beerflation Curbs Demand

Heineken drops as brewer cuts forecast on waning consumption

Heineken NV shares plunged after the Dutch brewer cut its earnings forecast on weakening consumption following double-digit price increases. Operating profit slumped 22 percent on an adjusted basis in the first half, the Amsterdam-based brewer said Monday. Beer volume dropped more than expected as Heineken boosted pricing by almost 13…

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