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home / articles / ABEV - Brazilian Beer Maker Ambev Clocks Higher Profit In Q3 Aided By FX & Commodities Tailwinds | Benzinga

ABEV - Brazilian Beer Maker Ambev Clocks Higher Profit In Q3 Aided By FX & Commodities Tailwinds | Benzinga

Ambev S.A. American Depositary Shares

Ambev SA (NYSE: ABEV) reported a third-quarter FY23 sales decline of 1.3% year-on-year to R$20.31 billion.

The company recorded a 2.0% volume decline, coupled with FX and commodities tailwinds in its costs and increased efficiencies in distribution and administrative expenses. 

Adjusted EPS of R$0.25 increased 26% Y/Y. Organic net revenue increased 19.3%.

Gross profit for the quarter ...

Full story available on Benzinga.com
Stock Information
Company Name: Ambev S.A. American Depositary Shares
Stock Symbol: ABEV
Market: NYSE
Website: ambev.com.br
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