Anheuser-Busch ‘doozy’ earnings call showed Bud Light honchos haven’t learned lesson, experts say

  • 📰 FoxNews
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 87%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines