Opa (@PicturePerfect) on getquin

3Mon·

What happened to $HEIO (-0.44%) yesterday? Stock fell almost 7%. Did I miss anything?

I read their released report about the first half year. Even the chairman stated;

"We delivered a solid first half of the year, organically growing net revenue (beia) 6% and operating profit (beia) 12.5%. The Americas region stood out, as portfolio mix and major ongoing saving initiatives resulted in a strong operating profit improvement, notably in Brazil and Mexico."

I've been thinking about selling. Right now these are a steal 🤫

1 Comment

Mr. Cairo@Montalbano

2Mon

EBIT growth came in at 12.5% vs consensus 13.2%, organic beer volume growth of 2.1% vs consensus of 3.4%
"Underwhelming results from Heineken, with almost every line of the P&L missing company-compiled expectations," RBC analysts say in a note
They add that while the guidance was narrowed/upgraded to 4-8%, consensus is already at the top end of this at 8.2%
The miss on consensus' EBIT forecast is "particularly disappointing", Barclays adds, pointing to the positive management's commentary at a recent conference
"The new EBIT guidance of 4-8% growth is underwhelming, and is below where current forecasts are" - Barclays

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