EarningsThe Q4 guidance was below estimates due to lower North America energy and one-off customer impacts in Brazil.
Financial StructureShare performance is expected to be hindered by headwinds and capital structure issues, including elevated leverage, significant cash needs, and ownership structure.
Volume PerformanceAMBP shares declined due to weaker than expected volumes driven by European shipment underperformance, North American energy drink category weakness, and continued volume underperformance vs. peers in Brazil.