Ambev Q1 profit rises 2.1 percent on Brazil beer demand
Ambev Q1 profit rose 2.1 percent to 3.89 billion reais as Carnival boosted Brazil beer volumes. Shares rose 14 percent as the firm prepares for the World Cup.
AMBEV SA-ADR grew first-quarter net profit 2.1% to 3.89 billion reais ($783.5 million) following high demand during Carnival. The result sent shares of the Anheuser-Busch InBev SA/NV unit up 14% in afternoon trading. Strong premium beer volumes in Brazil suggest the brewer is successfully navigating volatile commodity costs ahead of major sporting events.
### Carnival Sales Drive Record Volumes Net revenue rose 8.1% organically to 22.46 billion reais as Carnival activations in February boosted brand engagement. Total volumes in the Brazilian beer segment climbed 1.2%, marking a new all-time high for a first-quarter period. Premium beer led the growth with double-digit volume increases, allowing Ambev to outperform the broader industry.
