Ambev S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 03, 2023 at 03:25 am EDT
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Ambev S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was BRL 18,898.11 million compared to BRL 17,989 million a year ago. Net income was BRL 2,502.97 million compared to BRL 2,969.74 million a year ago. Basic earnings per share from continuing operations was BRL 0.15894 compared to BRL 0.18863 a year ago. Diluted earnings per share from continuing operations was BRL 0.15795 compared to BRL 0.1873 a year ago.
For the six months, sales was BRL 39,429.86 million compared to BRL 36,428.15 million a year ago. Net income was BRL 6,202.55 million compared to BRL 6,382.52 million a year ago. Basic earnings per share from continuing operations was BRL 0.39393 compared to BRL 0.40544 a year ago. Diluted earnings per share from continuing operations was BRL 0.39147 compared to BRL 0.40257 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. 
