Ambev SA ADR Dossier
Outlook & Key Dates
Estimates, guidance, catalysts, and upcoming events
Analyst Estimates Learn more →
5-Yr Fwd EPS Growth
9.0%projected annual EPS growth
Analyst Coverage
10analysts covering
FY Revenue (est.)
$16.6Bnext fiscal year
FY EPS (est.)
$0.04next fiscal year
Reporting Calendar
| Event | Expected Date |
|---|---|
| Q3 2026 Earnings Release | 29 Oct 2026 |
Monitoring Framework
Key Performance Indicators
Brazil Beer Volume Growth Quarterly120.0%Target: Positive low-single-digit growth
Consolidated Normalized EBITDA Margin Annually3,340.0%Target: Long-term expansion above 33.4%
Brazil Beer Cash COGS per Hectoliter Growth (excluding marketplace) Annually610.0%Target: 4.5% to 7.5% for FY 2026
BEES Marketplace GMV Growth Quarterly5,900.0%Target: Continued high-single-digit to double-digit expansion
Watch Items
- USD/BRL Exchange Rate VolatilityTrigger: BRL depreciation exceeding 5.50 per USDAction: Assess translation impact on ADR financial metrics and adjust hedging strategies.
- Argentina Macroeconomic Hyperinflation and Currency DevaluationTrigger: EBITDA contraction in Latin America South (LAS) segment exceeding 10% in organic termsAction: Review pricing actions and cost-containment measures in the LAS region.
- Premium Segment Volume GrowthTrigger: Premium brand volume growth falling below 15% YoYAction: Re-evaluate marketing spend and promotional activations for key brands like Corona and Stella Artois.
Research as of 2 Sep 2026