Anheuser-Busch InBev reported a rise in revenue and stuck to its full-year guidance on Tuesday despite a hit to U.S. sales as some drinkers boycotted Bud Light. Its stock was rising.
Revenue in the U.S. declined by 14% and sales to American retailers were down 17% as AB InBev’s flagship American brand Bud Light is facing a conservative boycott over its marketing partnership with transgender influencer Dylan Mulvaney. Last week, mixed-martial arts league the UFC appointed AB InBev’s Bud Light as its official beer in the U.S. and official global beer partner.
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AB InBev earnings climb but Bud Light backlash still weighs on North American salesAnheuser-Busch Inbev says that revenue growth in most of its global regions was offset by a drop in North American sales. It's 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 Tuesday that adjusted earnings for the latest quarter rose 4.
Source: AP - 🏆 728. / 51 Read more »
AB InBev earnings climb but Bud Light backlash still weighs on North American salesAnheuser-Busch Inbev says that revenue growth in most of its global regions was offset by a drop in North American sales.
Source: wjxt4 - 🏆 246. / 63 Read more »
AB InBev earnings climb but Bud Light backlash still weighs on North American salesAnheuser-Busch Inbev says that revenue growth in most of its global regions was offset by a drop in North American sales.
Source: ksatnews - 🏆 442. / 53 Read more »