Please ensure Javascript is enabled for purposes of website accessibility

Texas Gov. Greg Abbott Signs Law Redrawing Congressional Maps

23 hours ago

US Air Force will Offer Military Funeral Honors to Slain Capitol Rioter

24 hours ago

US Republican Senator Joni Ernst Will Not Run for Re-Election, CBS News Reports

1 day ago

Wall Street Falls as Dell, Nvidia Drive Tech Losses

1 day ago

US Denies Visas to Palestinian Officials Ahead of UN General Assembly

1 day ago

Minneapolis Children Revealed Courage, Absorbed Fear During Church Shooting

2 days ago

Ford Recalls Nearly 500,000 Vehicles Over Brake Fluid Leak

2 days ago

Fresno-Bound Passenger Says Delta Attendant Slapped Him, Seeks $20M

2 days ago
Plunging Bud Light Sales Tank Anheuser-Busch US Revenue
gvw_ap_news
By Associated Press
Published 2 years ago on
August 3, 2023

Share

Anheuser-Busch Inbev reported a drop in U.S. revenue in the second quarter as Bud Light sales plunged amid a conservative backlash over a campaign with transgender influencer Dylan Mulvaney.

The world’s largest brewer said Thursday that revenue in the United States declined by 10.5% in the April-to-June period from a year earlier, “primarily due to the volume decline of Bud Light.”

It has lost its place as America’s best-selling beer after more than two decades, slipping into second place in June behind Mexican lager Modelo Especial, which is also owned by the Belgium-based ABInBev.

The company faced blowback after sending a commemorative Bud Light can to Mulvaney, who posted it to her millions of social media followers.

Conservative figures and others called for a boycott of Bud Light, while Mulvaney’s supporters criticized the beer brand for not doing enough to support her. Mulvaney has said she faced bullying and transphobia, criticizing the brand for not reaching out to her amid the furor over their partnership.

The beer giant said overall revenue rose 7.2% in the second quarter, to $15.1 billion, from the same period a year ago as global brands such as Stella Artois and Corona made up for the loss in Bud Light sales.

It said normalized earnings before interest, taxes, depreciation and amortization rose 5%, to $4.9 billion.

RELATED TOPICS:

DON'T MISS

What Are Fresno Real Estate Experts Predicting for 2025 and Beyond?

DON'T MISS

First California EV Mandates Hit Automakers This Year. Most Are Not Even Close

DON'T MISS

Classic Cars Will Still Need a Smog Test in California After Lawmakers Reject Jay Leno Bill

DON'T MISS

Visalia Driver Arrested for DUI After Multiple Crashes and Pedestrian Injured

DON'T MISS

Dollar Trades Lower With Fed Cut In View, On Course For Monthly Drop

DON'T MISS

Visalia Semi Crash Injures Amazon Truck Driver After Red Light Collision

DON'T MISS

Evacuation of Gaza City Would Be Unsafe and Unfeasible, Says Head of Red Cross

DON'T MISS

A Goodbye Love Note to My Dog: Remembering My Best Friend Harriet

DON'T MISS

Most Trump Tariffs Are Not Legal, US Appeals Court Rules

DON'T MISS

New $250 Visa Fee Risks Deepening US Travel Slump

DON'T MISS

Prime Minister of Yemen’s Houthi Government Killed in Israeli Strike

DON'T MISS

California Schools Reverse Truancy Trends. Improving Reading Scores Could Be Next

UP NEXT

New $250 Visa Fee Risks Deepening US Travel Slump

UP NEXT

Hearing Ends Without Ruling On Trump’s Firing Of Fed Governor Cook

UP NEXT

Texas Gov. Greg Abbott Signs Law Redrawing Congressional Maps

UP NEXT

US Republican Senator Joni Ernst Will Not Run for Re-Election, CBS News Reports

UP NEXT

Trump Moves to Permanently Cancel Funding in Rare Move Around Congress

UP NEXT

US Denies Visas to Palestinian Officials Ahead of UN General Assembly

UP NEXT

Trump Ends Security Protection for Former Vice President Harris, Senior White House Official Says

UP NEXT

Donald Trump’s Assault on Capitalism Is Only Going to Get Worse

UP NEXT

Trump Signs Order to End Collective Bargaining With Some Federal Unions

UP NEXT

Minneapolis Children Revealed Courage, Absorbed Fear During Church Shooting

Visalia Semi Crash Injures Amazon Truck Driver After Red Light Collision

1 hour ago

Evacuation of Gaza City Would Be Unsafe and Unfeasible, Says Head of Red Cross

1 hour ago

A Goodbye Love Note to My Dog: Remembering My Best Friend Harriet

2 hours ago

Most Trump Tariffs Are Not Legal, US Appeals Court Rules

2 hours ago

New $250 Visa Fee Risks Deepening US Travel Slump

2 hours ago

Prime Minister of Yemen’s Houthi Government Killed in Israeli Strike

2 hours ago

California Schools Reverse Truancy Trends. Improving Reading Scores Could Be Next

2 hours ago

High-Speed Rail Hits a New Snag as Lawmakers Reject Proposal to Expedite Construction

2 hours ago

Fresno County Garnet Fire Expands to 17,561 Acres, 8% Contained

2 hours ago

Lawsuit Links CA Teen’s Suicide To Artificial Intelligence

3 hours ago

Classic Cars Will Still Need a Smog Test in California After Lawmakers Reject Jay Leno Bill

By Ryan Sabalow, CalMatters This story was originally published by CalMatters. Sign up for their newsletters. Ryan Sabalow CalMatters Jay L...

1 hour ago

California lawmakers killed “Leno’s Law,” a bill to exempt classic cars from smog checks, despite Jay Leno’s support and bipartisan backing. (Shutterstock)
1 hour ago

Classic Cars Will Still Need a Smog Test in California After Lawmakers Reject Jay Leno Bill

A Visalia man was arrested Friday, Aug. 29, 2025, for DUI and other charges after a series of crashes downtown left a pedestrian with minor injuries. (Visalia PD)
1 hour ago

Visalia Driver Arrested for DUI After Multiple Crashes and Pedestrian Injured

1 hour ago

Dollar Trades Lower With Fed Cut In View, On Course For Monthly Drop

An Amazon semi ran a red light and collided with another truck in Visalia early Saturday, Aug. 30, 2025, seriously injuring the driver. (Visalia PD)
1 hour ago

Visalia Semi Crash Injures Amazon Truck Driver After Red Light Collision

Displaced Palestinians ride on a vehicle loaded with belongings as they flee from one area to another within Gaza City, amid an Israeli military operation, in Gaza City, August 29, 2025. (Reuters File)
1 hour ago

Evacuation of Gaza City Would Be Unsafe and Unfeasible, Says Head of Red Cross

Mell Garcia says a heartfelt goodbye to her dog Harriet after 13 years, cherishing their memories and celebrating the love they shared. (Special to GV Wire)
2 hours ago

A Goodbye Love Note to My Dog: Remembering My Best Friend Harriet

President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025. (Reuters File)
2 hours ago

Most Trump Tariffs Are Not Legal, US Appeals Court Rules

Tourists and pedestrians walk down Pell Street in the Chinatown neighborhood of Manhattan in New York City, U.S., April 14, 2025. (Reuters File)
2 hours ago

New $250 Visa Fee Risks Deepening US Travel Slump

Search

Help continue the work that gets you the news that matters most.

Send this to a friend