Ambev’s Profit Soars 36% in Q3 – Buyback Announced as ABEV Stock Eyes Rally
Q3 Earnings: Big Profit Beat and New Buyback São Paulo-based Ambev delivered a stronger-than-expected third quarter, defying the industry’s mixed outlook. Net profit leapt to R$4.86 billion (~$899 million) reuters.com, a 36% increase from a year ago. This result blew past analysts’ consensus of roughly R$3.2 billion reuters.com, reflecting robust operational performance. On a per-share basis, earnings were approximately $0.06 (USD) for the quarter – significantly higher than estimates around $0.04. Management credited “disciplined” cost and expense management for shoring up profitability reuters.com. In an environment of rising input costs, Ambev managed to expand its EBITDA margin slightly, demonstrating effective
