Share
Anheuser-Busch Inbev said Tuesday that revenue growth in most of its global regions was offset by a drop in North American sales, in a sign of continuing fallout from a promotion with a transgender influencer that cost it sales.
The world’s largest brewer and parent company of Bud Light said adjusted earnings for the latest quarter rose 4.1% to $5.4 billion on revenues that climbed 5% to $15.6 billion.
Revenue in the United States for the July-September period, however, tumbled 13.5%. AB InBev, based in Leuven, Belgium, noted that sales to retailers were down “primarily due to the volume decline of Bud Light.”
Bud Light sales plunged amid a conservative backlash after the brand sent a commemorative can to transgender influencer Dylan Mulvaney in early April.
The controversy toppled Bud Light from its position as America’s best-selling beer for more than two decades. In June, it dropped to second place in U.S. retail sales behind Modelo Especial. Modelo – which is owned by InBev but imported and sold by Constellation Brands in the U.S. – remains the market leader, with nearly 9% share in year-to-date retail sales through Oct. 21. Bud Light has an 8% share.
U.S. dollar sales of Bud Light were down 29% in the four weeks ending Oct. 21 compared to same period a year ago, according to Nielsen data compiled by Bump Williams Consulting. They are down nearly 19% for the year to date.
RELATED TOPICS:
Tulare County Man Sentenced for Fatal DUI Crash That Took Mother, Daughter’s Lives
9 hours ago
US Judge Grants Trump Admin Request to Scrap Biden-Era Medical Debt Rule
9 hours ago
Madera County Authorities Searching for Felony Theft Suspect
10 hours ago
Fallout Over Handling of Epstein Case Erupts Into the Open
10 hours ago
Valley Crime Stoppers’ Most Wanted Person of the Day: Billy Ray Maldonaldo
11 hours ago
Musk’s xAI Seeks up to $200 Billion Valuation in Next Fundraising, FT Reports
11 hours ago
Divided US Appeals Court Rejects Plea Deal for Accused September 11 Attacks Mastermind
12 hours ago
Skydance in Early Talks to Acquire The Free Press, NYT Reports
12 hours ago

Fresno Police to Target Speeding in Saturday Traffic Operation

Tulare County Man Sentenced for Fatal DUI Crash That Took Mother, Daughter’s Lives

US Judge Grants Trump Admin Request to Scrap Biden-Era Medical Debt Rule

Madera County Authorities Searching for Felony Theft Suspect

Fallout Over Handling of Epstein Case Erupts Into the Open
