Anheuser-Busch InBev on Thursday reported a steep drop in profits amid the ongoing boycott against Bud Light, and a 'doozy' of an earnings call was criticized by business leaders.
Anheuser-Busch honchos have not"read the writing on the wall" and expressed regret or remorse for
Anheuser-Busch InBev on Thursday reported a steep drop in profits amid the ongoing boycott against Bud Light. Other beers, including Modelo Especial, Coors Light and Miller Lite, have rapidly consumed Bud Lights market presence since significant backlash began in April.Seifert feels Anheuser-Busch CEO Brendan Whitworth is largely to blame. In April, Whitworth insisted his company"never intended to be part of a discussion that divides people" as the backlash was heating up. But he didn’t apologize to offended consumers or directly mention the Mulvaney controversy.
Bud Light sales have plummeted since a promotional partnership with transgender activist Dylan Mulvaney caused widespread backlash.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bad as it was, the biggest drag on Anheuser-Busch InBev profit wasn't Bud LightAnheuser-Busch InBev on Thursday reported a big drop in profit for the second quarter, and as expected results in North America suffered after consumer...
Read more »
Anheuser Busch revenue drops nearly $400 million after Bud Light controversyThe controversy surrounding Bud Light in the U.S. seriously cut into parent company Anheuser Busch’s bottom line, according to a recent report.
Read more »
Anheuser-Busch U.S. sales decimated 'primarily due to' Bud Light boycottThe brewery's latest earnings report shows revenues were down 10.5 percent in the U.S. between April and June as its beer brand Bud Light faced controversy.
Read more »
Anheuser-Busch gets good news despite tanking Bud Light salesDuring an earnings call on Thursday, Anheuser-Busch InBev reported a global revenue increase of 7.2 percent.
Read more »
Anheuser-Busch sales plummet in US amid Bud Light boycottAnheuser-Busch's U.S. sales fell by more than 10% over the three months compared to the same period last year, according to the company's earnings report.
Read more »