Share
Getting your Trinity Audio player ready...
|
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:
Over 2,500 Central Unified Students Receive Spirit Sweaters at 20th Annual ‘Warm for Winter’
4 hours ago
Fresno Police Arrest Gang Members in Shooting Involving 7-Month-Old
5 hours ago
4B Movement: After the Election, a Call for Women to Swear Off Men
6 hours ago
Will Terance Frazier’s Nonprofit Exit Granite Park? ‘Hell No’ He Says
8 hours ago
Fresno Crash Sends Pickup Into Tree, Dark Tint Cited as Cause
9 hours ago
Macklin Celebrini, NHL’s Youngest Player, Scores on Marc-Andre Fleury, League’s Oldest
10 hours ago
Newsom Uses a Stunt to Position Himself as a Leader of Anti-Trump Resistance