Heineken reports 2.1% drop in beer volumes amid tariff concerns

Heineken reported first-quarter revenue growth that surpassed analysts' expectations, although beer sales declined by 2.1%, partly due to a late Easter impacting demand. The company maintained its full-year outlook but expressed increased concern over U.S. tariffs, particularly the ongoing 25% duty on imported canned beer and aluminum cans. Heineken's management noted that while the beer industry is generally less susceptible to international trade disruptions, recent tariff adjustments and the potential for further increases present ongoing uncertainty. As a result, the company emphasized the need to stay agile with capital and resource allocation amid inflation, weak consumer sentiment, and currency fluctuations.