Ambev S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 31, 2023 at 02:02 am EDT
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Ambev S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was BRL 20,317.77 million compared to BRL 20,587.64 million a year ago. Net income was BRL 3,911.74 million compared to BRL 3,108.56 million a year ago. Basic earnings per share from continuing operations was BRL 0.24844 compared to BRL 0.19747 a year ago. Diluted earnings per share from continuing operations was BRL 0.24692 compared to BRL 0.1961 a year ago.
For the nine months, sales was BRL 59,747.62 million compared to BRL 57,015.79 million a year ago. Net income was BRL 10,114.29 million compared to BRL 9,491.07 million a year ago. Basic earnings per share from continuing operations was BRL 0.64237 compared to BRL 0.60291 a year ago. Diluted earnings per share from continuing operations was BRL 0.63839 compared to BRL 0.59867 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. 
