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The Amsterdam-based firm, the world's second-largest brewer after AB InBev, predicted its profits for the year would likely come towards the bottom end of its forecasts given the difficult conditions.
It also raised the bottom end of its comparable-sales guidance to 2.2% from 2%, while maintaining the top end at 2.75%.
“Given BOQ has now walked away from its previous return-on-equity targets, we think our FY 2025-2027 average ROE forecast of circa 6.5% can only justify a payout ratio at the bottom end of the current target range,” Analyst Andrew Lyons says.
"Without any outgoings, it appears Villa will be at the bottom end of the £50-100m spending range," added Maguire.
They'll be hoping to turn around the UK's fortunes, after the last two contestants Olly Alexander and Mae Muller both finished at the bottom end of the table in 2024 and 2023 respectively.
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