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.
Yeah it really was a shit thing to back down on it. The right won’t buy their beer anymore because Busch tried to support trans people
But now the left won’t buy it because they lack conviction to stick to their word.
As you said, they shouldn’t have entered the arena, or stuck to their imagery now that they’re associated with it (for better or worse). Now they’re paying the price of being a bunch of wet-noodles.