Carlsberg Sees Less Beer Sales on Weaker Consumer Demand

Carlsberg A/S beer volumes fell more than expected in the third quarter as consumer sentiment in a number of key markets remains subdued.

Overall organic volumes declined 3%, the Danish brewer said in a statement Thursday, compared with a 2.76% drop expected by analysts. While there was some slight growth in Western Europe, volumes were down in Asia, Central and Eastern Europe and India.

The brewer is navigating headwinds as consumers scale back personal spending amid rising prices on household goods, while ongoing tariff concerns continue to fuel uncertainty. Peer Heineken NV earlier narrowed its profit outlook on the back ...