Dossier
Ambev
Coverage of Ambev in the Nexus archive.
- Brazilian Brewer Ambev Surges 15% on Earnings Beat, Lifting Ibovespa
Ambev's stock surged 15.3% on an earnings beat, marking its largest single-day move since 1999 and closing at R$16.65. The surge was driven by stronger-than-expected Brazil beer volume growth in Q1.
- Ambev Soars Most Since 1999 as Brazil Beer Boosts Earnings
Ambev's Brazil beer volume surged 25% in the third quarter due to increased sales from Brazilians using emergency stipends. Ambev operates in 16 countries as a unit of Anheuser-Busch InBev. The significant increase is the highest for Ambev since 1999.