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Ambev SA (ABEV)
NYSE:ABEV
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.05Last Year’s EPS
$0.06Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -11.71%
|Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong performance in Brazil with record volumes and innovative brand success, offset by challenges in Argentina and tax-related profit declines. The company remains optimistic about future growth, supported by strategic innovations and disciplined capital allocation.Company Guidance
During the Ambev Q3 2024 earnings call, the company highlighted several key metrics and strategic initiatives. EBITDA grew by 8.5% organically, with a 110 basis point expansion in EBITDA margin, and gross margin improved by 180 basis points. Net revenue per hectoliter in Brazil's beer segment increased by 2.6%, driven by revenue management and brand mix, despite being partially offset by higher VAT and channel mix changes. The company reported a normalized profit decline of around 11%, but cash flow from operating activities increased slightly by over 2%, totaling approximately BRL 8.1 billion. Ambev also announced a new BRL 2 billion share buyback program, reflecting its robust cash generation. In Brazil, Ambev's core brands, such as Brahma and Antarctica, showed resilience with high single-digit growth, while the premium segment saw over 20% growth, particularly from brands like Corona, Spaten, and Original. In Argentina, Ambev continues to navigate a challenging environment with mid-teens volume declines but anticipates sequential improvements. Overall, the company remains focused on premiumization, innovation in functionality, and expanding its marketplace offerings through Ze Delivery.Solid Quarter of Growth and Profitability
Ambev delivered another solid quarter of growth and profitability against the toughest comp of the year, with EBITDA growing 8.5% and 8.7% ex-Argentina. Gross and EBITDA margins expanded organically by 180 and 110 basis points respectively.
Record Volumes in Brazil
Brazil delivered all-time high volumes for Q3, led by the health and wellness portfolio with Guarana Zero up high 50%, and Pepsi Black and Gatorade up low 20%.
Strong Brand Performance
Premium brands in Brazil grew above 20%, led by Corona, Spaten, and Original. The core plus brands grew in the low teens, with Budweiser increasing volumes by nearly 50%.
Successful Innovation and Technology Adoption
Ambev launched gluten-free and low-calorie beer options, advanced their digital platform BEES, and expanded Ze Delivery, which is now available in more than 700 cities across Brazil.
Share Buyback Program
Ambev's Board approved a BRL 2 billion share buyback program, demonstrating a disciplined approach to capital allocation and beginning to return excess cash to shareholders.
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ABEV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ABEV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $2.15 | $2.07 | -3.72% |
| Aug 01, 2024 | $1.95 | $1.94 | -0.51% |
| May 08, 2024 | $2.33 | $2.25 | -3.43% |
| Feb 29, 2024 | $2.55 | $2.36 | -7.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ambev SA (ABEV) report earnings?
Ambev SA (ABEV) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Ambev SA (ABEV) earnings time?
Ambev SA (ABEV) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ABEV EPS forecast?
ABEV EPS forecast for the fiscal quarter 2024 (Q4) is $0.05.
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