Ambev S.A. Reports Earnings Results for the Full Year Ended December 31, 2023
February 29, 2024 at 05:56 am EST
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Ambev S.A. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was BRL 79,736.86 million compared to BRL 79,708.83 million a year ago. Net income was BRL 14,501.94 million compared to BRL 14,457.94 million a year ago.
Basic earnings per share from continuing operations was BRL 0.9211 compared to BRL 0.9184 a year ago. Diluted earnings per share from continuing operations was BRL 0.9156 compared to BRL 0.9123 a year ago.
Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewing sector. The Company produces, distributes and sells beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. The Company's activities are divided into three segments: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as operations in the Dominican Republic, Saint Vincent, Antigua, Dominica, Cuba, Guatemala, El Salvador, Honduras, Nicaragua, Barbados and Panama; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile; and Canada, represented by Labattâs operations, which comprises sales in Canada and some exports to the U.S. market. The Company markets products under various brand names, such as Adriatica, Brahma, Leffe, Budweiser, Corona, PepsiCo and Lipton. It is a subsidiary of Interbrew International BV.
AMBEV S.A. 
