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Brazil brewer Ambev posts Q2 earnings beat on higher volumes

Brazil brewer Ambev posts Q2 earnings beat on higher volumes

Reuters · 07/28/2022 03:03
Brazil brewer Ambev posts Q2 earnings beat on higher volumes

- Brazilian brewer Ambev SA ABEV on Thursday beat second-quarter earnings expectations with a 4.6% rise in income boosted by higher volumes and despite high commodity prices raising its costs.

Ambev's income rose to 3.06 billion reais ($583.56 million), way ahead of the 2.11 billion reais forecast by analysts polled by Reuters.

The company is a subsidiary of Belgium's Anheuser-Busch InBev SA BUD.

($1 = 5.2437 reais)


(Reporting by Gabriel Araujo; editing by Jason Neely)

((Gabriel.Araujo2@thomsonreuters.com; +55 11 5644 7745;))