- Ambev's net revenue has already rebounded from earlier in the pandemic, but the depreciation of the Brazilian real has meant both higher COGS and a lower share price in USD.
- The recent rise in commodity prices could set the stage for improved sentiment on Brazil and its currency, if/when pandemic and political concerns subside.
- Like any company, Ambev faces company-/sector-specific issues, including intensifying competition, as well as macroeconomic volatility that goes along with the region.
- Premium brands, DTC and B2B technology platforms, and non-alcoholic beverages should help to give it avenues for longer-term growth.
For further details see:
Ambev: Net Revenue Has Already Rebounded, Currency Headwinds Should Eventually Subside