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ABEV - Ambev SA: Unexpected Drop In Brazil Beer Sales Shows Pricing Strategy Has Limits
Ambev S.A. American Depositary Shares
Brazilian-based Ambev SA (NYSE:ABEV) is the largest brewer in Latin America and also has operations in Canada, while also distributing PepsiCo (PEP) products. The company is a unit of Anheuser-Busch InBev (BUD), which holds a 61.5% controlling stake. Ambev has historically benefited from structural trends of a growing consumer base in the Latam region despite more recent weakness among macro trends and FX volatility. The company just reported its latest quarterly earnings that included disappointing operational results in Brazil, its largest market. This article recaps those results, along with