Ambev reported net sales of R$21.59 billion for the third quarter of 2026, representing a 3.6% increase year-over-year but falling short of the R$22.39 billion estimate. Despite the revenue miss, basic earnings per share of R$0.275 exceeded the consensus of R$0.26, significantly bolstered by a 71% reduction in net financial expenses and disciplined cost management in the domestic market.
Key Highlights
- Brazil Beer net sales grew 4.8% to R$10.14 billion, while the Brazil Non-Alcoholic Beverage segment expanded 6.3% to R$2.21 billion.
- Net financial results improved to a loss of R$312.4 million compared to a loss of R$1.09 billion in the prior year quarter, driven by lower net exchange differences.
- The Board of Directors approved a new share buyback program for up to 190 million common shares, following the completion of the previous 208 million share program in August 2026.