Brazil's Ambev beats Q3 profit estimates, launches share buyback
ABEV•Ambev reported third-quarter net profit of 4.37 billion reais, down 10.2% year over year but above analysts’ 3.9 billion reais estimate. Adjusted EBITDA rose 3% to 7.27 billion reais, while a separate filing said Anheuser-Busch InBev approved a buyback of up to 190 million shares by April 2028.
1. Profit beats estimates
Ambev reported third-quarter net profit of 4.37 billion reais ($817.74 million), down 10.2% from a year earlier and above analysts’ 3.9 billion reais estimate. Adjusted EBITDA rose 3% to 7.27 billion reais, below the 7.48 billion reais analysts had forecast.
2. Revenue and volumes
Net revenue rose 3.6% to 21.59 billion reais, below analysts’ 21.72 billion reais forecast. Consolidated organic volumes increased 0.8%, driven by growth in Ambev’s non-alcoholic beverages business in Brazil.
3. Share buyback approved
In a separate securities filing, Anheuser-Busch InBev said it had approved a buyback program of up to 190 million shares, to be carried out by April 2028.
