Ambev S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023
February 29, 2024 at 06:09 am EST
Share
Ambev S.A. reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported sales was BRL 19,989.2 million compared to BRL 22,693 million a year ago. Net income was BRL 4,387.7 million compared to BRL 4,966.9 million a year ago.
Basic earnings per share from continuing operations was BRL 0.28 compared to BRL 0.32 a year ago. Diluted earnings per share from continuing operations was BRL 0.28 compared to BRL 0.31 a year ago.
Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewing sector. The Company produces, distributes and sells beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. The Company's activities are divided into three segments: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as operations in the Dominican Republic, Saint Vincent, Antigua, Dominica, Cuba, Guatemala, El Salvador, Honduras, Nicaragua, Barbados and Panama; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile; and Canada, represented by Labattâs operations, which comprises sales in Canada and some exports to the U.S. market. The Company markets products under various brand names, such as Adriatica, Brahma, Leffe, Budweiser, Corona, PepsiCo and Lipton. It is a subsidiary of Interbrew International BV.
AMBEV S.A. 
