- Net Revenue: Ambev’s net revenue for Q2 was R$20.04 billion, a 6.1% increase year-over-year, surpassing the estimate of R$19.51 billion.
- Beer Brazil Sales: Net sales in Brazil were R$9.31 billion, up by 6.9% year-over-year, slightly above the estimated R$9.24 billion.
- Central America & Caribbean Sales: Net sales reached R$2.58 billion, marking a 4.3% increase year-over-year, but fell short of the R$2.62 billion estimate.
- Latin America South Sales: Net sales were R$3.61 billion, reflecting a significant 10% year-over-year growth, beating the estimate of R$3.09 billion.
- Canada Sales: Net sales in Canada were R$2.64 billion, a decrease of 5.5% year-over-year, missing the estimate of R$2.78 billion.
- Adjusted Net Income: The adjusted net income was R$2.46 billion, down 8.3% year-over-year.
- Net Income: The net income stood at R$2.45 billion, showing a 5.6% decline year-over-year.
- Adjusted EBITDA: Adjusted EBITDA was R$5.81 billion, an increase of 10% year-over-year, surpassing the R$5.65 billion estimate.
- EBITDA Margin: The adjusted EBITDA margin was 29%, compared to 27.9% last year, and above the estimate of 28.8%.
- Cost of Goods Sold: The cost of goods sold was R$10.06 billion, up by 4.4% year-over-year, higher than the estimated R$9.82 billion.
- Analysts’ Recommendations: The stock has 12 buy ratings, 5 hold ratings, and 2 sell ratings.
A look at Ambev Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Ambev, a leading company in the production and distribution of beer, also has a presence in the soft drinks and non-alcoholic sectors, boasting proprietary brands. With exclusive bottler and distributor rights for Pepsi CSD products in Brazil, Ambev’s diverse portfolio positions it well in the beverage industry.
When looking at Ambev’s Smart Scores, the company shines in areas like Dividend, Resilience, and Momentum, receiving high marks. These positive scores reflect a strong outlook for Ambev in the long term, indicating a solid performance in terms of dividend payment, financial stability, and market momentum. While there is room for improvement in areas like Value and Growth, Ambev’s overall outlook remains promising due to its strengths in key operational areas.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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