Year-over-year revenues were up nearly 11% to just more than $2 billion (converted from Brazilian reals), while EBITDA rose 18% to $839.5 million. Once again, the Brazilian beer market was king, nudging up market share to 68.6% and EBITDA margins to a sudsy 42%. The Quinsa brand was strong, raising volumes 15.3% in beer and more than 30% in soft drinks. I have to admit, it looks like a uphill battle for competitor FEMSA
However, like skilled domestic brewers Anheuser-Busch
With growth over the past few quarters showing little sign of slowing down -- revenue growth actually accelerated from last quarter's pace -- the stock still looks quite attractive at these levels, even though investors would have done well to grab the stock when it dove into the mid-$30s earlier this year, when the international markets went through a case of the hiccups. As Budweiser has proved repeatedly in the domestic market, it is nearly impossible to unseat the market-share leader, and the same applies to AmBev. While the valuation may not qualify as dirt cheap, it still is one of beer's most profitable companies.
More international Foolishness:
Fool contributor Stephen Ellis does not own shares in any companies mentioned. You can view the stocks he owns and check out his 96th- percentile ranking in Motley Fool CAPS , the Fool's new stock-rating community. The Motley Fool has a disclosure policy .