Heineken

Heineken named Serena Williams global ambassador for Heineken 0.0 despite her role promoting a GLP-1 weight-loss brand, with US CEO Maggie Timoney saying studies are inconclusive on GLP-1s’ effect on drinking. Timoney highlighted that US alcoholic beverage consumption is at historic lows, citing weak results from Boston Beer and Molson Coors. Molson Coors is pursuing a "beyond-beer" strategy to offset domestic declines, while investors watch whether non-alcoholic and RTD growth can counter falling core beer volumes. » More on finance.yahoo.com

Heineken reported global volume growth of 1.5% in the first half and mid-single-digit revenue growth, with profit growth outpacing revenue and an improved EBIT margin. Management highlighted early successes of the EverGreen 2030 strategy, productivity gains, better cash conversion and the expansion of the digital system "Freddy AI." China, Vietnam and several African markets remain growth drivers, while Brazil, Mexico and the US showed mixed development; capital allocation focuses on ROIC, share buybacks, organic investments and selective acquisitions. » More on de.investing.com

Heineken gained about 2.8% after better‑than‑expected half‑year results. The CFO put cost inflation caused by the war in Iran at around €100m. Organic EBITDA growth of 6.4% was driven mainly by Asia‑Pacific and Africa & Middle East and beat the 3.3% consensus. J.P. Morgan called the results strong but sees short‑term pressure on the stock due to the June rally, the CEO announcement and another disappointing business performance in Europe. » More on de.investing.com