Reported 28 days ago
Ambev S.A. (NYSE:ABEV), Latin America's largest brewer, has seen its stock rise by 34.65% year-to-date, fueled by a shift towards premium beers, which now constitute 22% of its total volumes and have boosted gross margins by 10%. The company's growth is complemented by its focus on low-calorie and non-alcoholic options, alongside sustainability goals like using 100% renewable energy in Brazil by 2026. Enhanced operations and the adoption of AI for supply chain efficiency are also key factors in its positive performance amid a strong macroeconomic backdrop.
Source: YAHOO