Heineken Says Higher Pricing, Volume Recovery Boosted First-Quarter Revenue

By Joshua Kirby

Heineken said revenue increased over the first quarter thanks to stronger pricing and a pick-up in volumes sold.

The Dutch brewer said Thursday that it made net revenue of 6.7 billion euros ($7.84 billion) between January and March, matching expectations of analysts, according to a consensus of estimates provided by the company.

The 2.8% on-year organic increase in revenue came as total volumes turned positive, rising 1.2% on an organic basis from the prior-year period after slipping backwards for 2025. On a consolidated basis, volumes continued to slightly decline.

Higher prices helped the company offset lower volumes in some markets, including Brazil and Mexico, Heineken said. That was despite renewed inflationary pressures that threaten to weigh on consumer sentiment ahead, Chief Executive Officer Dolf van den Brink said.

"Since the start of the year, global trade has become more complex and volatile, with impacts on energy availability and costs in certain markets," said Van den Brink, who is due to leave the company next month.

Heineken earlier this year said it would appoint a new CEO as part of a turnaround plan, and that it plans to cut thousands of jobs as it adopts to a weak beer market.

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

(END) Dow Jones Newswires

April 23, 2026 01:38 ET (05:38 GMT)