Ambev S.A. (ABEV) Q2 Revenue Hits $3.59B, Misses Estimates by $251M

Company Overview - Ambev S.A. is a leading Brazilian beverage company that produces and distributes beer, soft drinks, and ready-to-drink beverages across various regions including Brazil, Central America, the Caribbean, Latin America South, and Canada, with major brands like Skol, Brahma, Antarctica, Budweiser, and Stella Artois [2] Financial Performance - For Q2 2025, Ambev reported revenue of $3.59 billion, reflecting a 2.65% year-over-year increase, although it was approximately $251 million below analyst expectations [3][5] - Net income increased by 15%, and EBITDA experienced high single-digit growth, with margins improving by 110 basis points [3] - Organic volumes fell by 4.5% due to cooler weather affecting consumption in key regions [3] Leadership Changes - On September 1, 2025, Ambev appointed a new Board of Executive Officers, with Carlos Eduardo Klutzenschell Lisboa as CEO and Guilherme Fleury de Figueiredo Ferraz Parolari as CFO, aiming to strengthen strategic execution amid sector challenges [4] Shareholder Returns - The company raised its dividend to $0.023 per share, up from $0.02, offering a high yield of 6.6%, demonstrating a commitment to shareholder returns despite market headwinds [5]