Ambev's earnings call highlighted strong financial performance with growth in revenue, EBITDA, and cash flow. The company is expanding its digital sales and premium segments while also announcing significant dividends. However, challenges remain with specific brand performances, market pressures, and regional declines. Despite these challenges, the overall outlook remains positive with a focus on margin expansion.

Company Guidance -

Q1 2025

In the first quarter of 2025, Ambev reported a high-single-digit increase in top-line performance, underpinned by a 0.7% rise in volume and a roughly 6% increase in net revenue per hectoliter, leading to a 150 basis point expansion in gross margin. EBITDA grew by double digits with a 180 basis point margin expansion, while net income remained stable despite a challenging comparison due to a tax one-off last year. The company emphasized robust execution across its strategic pillars, including a high-single-digit increase in volumes in key markets, significant volume growth in non-alcoholic beer by mid-thirties, and a 60% increase in gross merchandise value (GMV) in its marketplace. Ambev also highlighted a 5% rise in orders through Zé Delivery, which achieved nearly 17 million orders, and a BRL1.2 billion cash flow from operating activities, marking a 68% increase year-on-year. Looking ahead, the company anticipates facing significant FX and commodities pressures starting in Q2, though it remains committed to expanding consolidated margins.

Strong Financial Performance

Ambev reported high-single digit revenue growth, a 0.7% increase in volume, a 6% increase in net revenue per hectoliter, and a 150 basis points expansion in gross margin.

EBITDA and Cash Flow Growth

EBITDA grew by double digits with a 180 basis points margin expansion, and a cash flow from operating activities increased by 68% year-on-year, reaching BRL1.2 billion.

Digital Sales Expansion

The GMV of digital sales grew by 60%, with monthly active buyers rising by high-single digits and SKU per POC ratio improving by low-single digits.

Premium and Non-Alcoholic Segment Growth

Premium and super-premium brands grew in the 20s, while non-alcoholic beer volumes expanded by approximately 40%.

Dividend Announcement

Ambev announced an intermediary dividend of BRL2 billion to be paid in July, reinforcing its commitment to returning cash to shareholders.

Ambev SA (ABEV) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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ABEV Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 31, 2025	2025 (Q2)	0.03 / -	0.026	―	―	―
May 08, 2025	2025 (Q1)	0.04 / 0.04	0.045	-6.67% (>-0.01)
Feb 26, 2025	2024 (Q4)	0.05 / 0.05	0.058	-6.90% (>-0.01)
Oct 31, 2024	2024 (Q3)	0.04 / 0.04	0.05	-24.00% (-0.01)
Aug 01, 2024	2024 (Q2)	0.03 / 0.03	0.033	-21.21% (>-0.01)
May 08, 2024	2024 (Q1)	0.04 / 0.04	0.046	-2.17% (>-0.01)
Feb 29, 2024	2023 (Q4)	0.06 / 0.06	0.063	-7.94% (>-0.01)
Oct 31, 2023	2023 (Q3)	0.04 / 0.05	0.038	31.58% (+0.01)
Aug 03, 2023	2023 (Q2)	0.03 / 0.03	0.036	-8.33% (>-0.01)
May 04, 2023	2023 (Q1)	0.04 / 0.05	0.044	4.55% (<+0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ABEV Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 08, 2025	$2.48	$2.51	+1.21%
Feb 26, 2025	$1.86	$1.95	+4.84%
Oct 31, 2024	$2.12	$2.03	-4.25%
Aug 01, 2024	$1.92	$1.91	-0.52%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Ambev SA (ABEV) report earnings?

Ambev SA (ABEV) is schdueled to report earning on Jul 31, 2025, Before Open (Confirmed).

What is Ambev SA (ABEV) earnings time?

Ambev SA (ABEV) earnings time is at Jul 31, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is ABEV EPS forecast?

ABEV EPS forecast for the fiscal quarter 2025 (Q2) is 0.03.

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