Ambev SA ADR

ABEV: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Ambev Earnings: World Cup Boosts Beer Demand but Near-Term Volatility Emerges; Maintaining FVE

Verushka Shetty

Aug 31, 2026

Ambev’s second-quarter fiscal 2026 results included year-over-year organic revenue growth of 6.1%, with volume up 1.4%. Normalized EBITDA increased 8.9%, reflecting cost management offsetting higher marketing expenses during the FIFA World Cup. Shares fell around 2% in early trading on July 30.

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Ambev SA ADR

Ambev Earnings: World Cup Boosts Beer Demand but Near-Term Volatility Emerges; Maintaining FVE

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