Ambev Q3 Sales Miss Expectations As Volume Growth Stalls; Shares Dip

Ambev (NYSE:ABEV) shares are trading lower on Thursday.

The company reported third quarter earnings per share of 4 cents, in line with the street view. Quarterly sales of $3.983 billion missed the analyst consensus estimate of $4.082 billion.

Consolidated volumes declined by 0.6%, but when excluding Argentina, there was a growth of 1.3%.

In Brazil, volumes increased by 1.3%, with beer sales growing by 0.6% and non-alcoholic beverages (NAB) rising by 3.4%. In Brazil’s beer segment, premium and super premium brands saw volume growth in the low twenties, driven by ...