Anheuser-Busch InBev SA reported lower profit for the fourth quarter, blaming higher costs and lost market share in the U.S. to hard seltzer makers.
AB InBev—the world’s largest brewer, with brands such as Budweiser, Bud Light and Michelob Ultra—said its profit margins were hit by the highest annual increase in commodity and currency transaction costs in the past decade. It said consumers were trading down and spending less.
Who'd have guessed that tacky seltzer play they made would fall flat with the target audience? Everyone...
It Made 'Bud' Wiser but 'Bud' was made much 'Dumber'?
White Claw$. No Law$.
ppl don’t want to drink beer 🍺 anymore bc it’s nasty 🤢
The trade wars are hurting US manufacturers.
Budweiser sucks..... It’s the new Pabst.... ......bought out by the Canadians/French...... 🤢
Lost market share to good beer too. Probably didn't mention that, did they.
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