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published in Blogs
Aug 21, 2022
Carlsberg (CABGY, $26.97) missed Q2 revenue expectations

Carlsberg (CABGY, $26.97) missed Q2 revenue expectations

Carlsberg posted second quarter sales of  20.51 billion Danish crowns ($2.81 billion), lower than the 21.6 billion expected by analysts in a poll gathered by the company.

The Danish multinational brewer maintained its full-year guidance, after it earlier this month boosted its outlook for organic profit to “high single-digit-percentage” growth - after better beer sales in Asia and Europe outweighed higher energy and commodity costs.

“Global uncertainty remains high, with the increasing input cost pressure a particular challenge for us in the coming quarters,” CEO Cees’t Hart mentioned in a statement.

Related Tickers: CABGY