Ambev Tops Q4 Revenue Estimates by R$210M Despite 8.2% Sales Decline
Ambev’s Q4 revenue reached R$24.81 billion, beating estimates by R$210 million despite an 8.2% year-over-year decline on 3.6% lower volumes. Net profit fell 9.9% to R$4.53 billion (EPS R$0.28), cash flow from operations dropped 4.8% to R$13.91 billion, and the company confirmed a R$20 billion buyback and dividend program.
1. Q4 Financial Results
Ambev reported R$24.81 billion in fourth-quarter revenue, exceeding consensus by R$210 million despite an 8.2% year-over-year decline driven by a 3.6% drop in consolidated volumes. Net income fell 9.9% to R$4.53 billion on EPS of R$0.28, while operating cash flow eased 4.8% to R$13.91 billion and full-year cash flow declined 6.3% to R$24.45 billion.
2. Capital Return and Outlook
The company reaffirmed a R$20 billion capital return plan through share buybacks and dividends, underlining commitment to shareholder value. Management highlighted confidence in the beer category’s growth potential, citing portfolio strength and new innovations as drivers to expand consumption occasions and the consumer base.