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.
If you look there’s plenty of cheap beers that taste at least a little better. When I was in college in the 00s I’d drink Lion’s Head for like $10 a case.
Plus they had little puzzles under the caps so it’s got more value.
Hmm fair enough. Its only redeeming quality then is being cheap and well known. Really there’s no good reason to drink Bud, even before they pulled this stunt they were crap.
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