Ambev Q3 Sales Miss Expectations As Volume Growth Stalls; Shares Dip
Ambev Q3 Sales Miss Expectations As Volume Growth Stalls; Shares Dip
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 Corona, Spaten, and Original. Core plus brands grew by low teens, with the Budweiser family leading the way, while core brands Brahma and Antarctica each recorded high single-digit increases in volume.Ambev (NYSE:ABEV) shares are trading lower on Thursday.
Ambev（紐交所：ABEV）股價週四下跌。
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.
公司報告第三季度每股收益爲4美分，符合街頭預期。季度銷售額39.83億美元，低於分析師一致預期的40.82億美元。
Consolidated volumes declined by 0.6%, but when excluding Argentina, there was a growth of 1.3%.
綜合銷量下降了0.6％，但在排除阿根廷的情況下，增長了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 Corona, Spaten, and Original. Core plus brands grew by low teens, with the Budweiser family leading the way, while core brands Brahma and Antarctica each recorded high single-digit increases in volume.
在巴西，銷量增長了1.3％，啤酒銷售增長了0.6％，非酒精飲料（NAB）增長了3.4％。在巴西的啤酒領域，高端和超高端品牌的銷量增長低兩位數，由科羅娜（Corona），斯帕滕（Spaten）和原始（Original）推動。高級品牌增長了低兩位數，而百威啤酒家族則帶頭前進，而百威和南極星這兩個核心品牌在銷量上分別錄得高位數增長。
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In Central America and the Caribbean (CAC), volumes decreased by 0.5%, although the Dominican Republic saw a midsingle-digit increase. Additionally, soft industry conditions in Argentina and Canada contributed to volume declines of 7.7% in Latin America South (LAS) and 1.4% in Canada.
在中美洲和加勒比地區（CAC），銷量下降了0.5％，儘管多米尼加共和國看到中單位數增長。此外，阿根廷和加拿大市場的不景氣導致拉丁美洲南部（LAS）的銷量下降了7.7％，加拿大的銷量下降了1.4％。
In the quarter under review, the company's cash cost of goods sold (COGS) increased in low-single digits, primarily due to inflation and diminished benefits from commodity price hedges, while cash selling, general, and administrative expenses (SG&A) rose in mid-single digits because of increased investments in brand support and higher administrative costs linked to elevated variable compensation accruals.
在審查期內，該公司的營業成本現金增長了低個位數，主要是由於通貨膨脹和商品價格對沖收益減少，而現金銷售、一般和管理費用（SG&A）由於在品牌支持和與提高的變量報酬計提相關的更高行政成本投入而上升了中個位數。
"Looking ahead, we remain focused on executing our commercial strategy and are confident in our preparedness for the Summer season in South America, with healthier brands and sustained all-time-high NPS levels," Ambev said.
「展望未來，我們將繼續專注執行商業策略，並對南美夏季的健康品牌和保持歷史最高NPS水平充滿信心，」 Ambev表示。
Price Action: ABEV shares are trading lower by 3.08% to $2.20 at last check Thursday.
價格走勢：ABEV股價最近一次檢查時下跌3.08%，爲2.20美元，週四。
Photo: Engin Akyurt from Pixabay
圖片：來自Pixabay的Engin Akyurt
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