Heineken Faces Dip in Beer Sales but Maintains Profit Forecast

Heineken Reports Q1 Volume Decline and Reaffirms 2025 Guidance

Heineken, the world’s second‑largest brewer, said its global beer volumes dropped to 116.4 million hectolitres during Q1 2025, down from 118.2 million hectolitres in Q1 2024. That represents a decline of roughly 2.1%, with analysts having expected a sharper fall of around 2.9%. Despite the volume decline, organic net revenue rose 0.9%, exceeding expectations of a 0.6% dip, thanks to strong pricing and higher demand for premium labels.