By Michael Susin

Heineken backed its full-year guidance after reporting a third-quarter revenue increase that was slightly below market expectations.

The Dutch brewer said adjusted net revenue before exceptional items and amortization--one of its preferred metrics--rose to 8.015 billion euros ($8.49 billion) in the quarter from EUR7.79 billion last year.

A company-compiled consensus forecast had seen net revenue before exceptional items and amortization at EUR8.11 billion.

The company backed its expectations for the full year of stable to mid-single digit organic growth in operating profit before exceptional items and amortization.

Write to Michael Susin at michael.susin@wsj.com

(END) Dow Jones Newswires

October 25, 2023 02:35 ET (06:35 GMT)

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