Carlsberg Falls After CEO Warns of Weak Consumer Spending (3)

Carlsberg A/S shares fell after it reported a drop in volumes and warned consumers were continuing to pull back on spending.

Overall organic volumes at the Danish brewer fell 1.7%, which was slightly worse than analysts had expected, with the company warning demand is not expected to improve over the remainder of the year.

“What we’re seeing is a continued subdued consumer,” Chief Executive Officer Jacob Aarup-Andersen said on a call with reporters Thursday.

Consumers were holding back on personal consumption after price increases on household goods. Aarup-Andersen said it was hard to separate the impact of US tariffs from ...