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.
I’m not too picky with beer and am happy to try anything, from crappy macros to the local brew pub’s experiment with jalapenos. For me, these macro lagers serve the same function as soda but aren’t as sweet. They’re just something to wash down pizza or Chinese food while I’m watching a movie. Yes, there are “craft” sodas that cost a lot of money but Shasta is cheaper and gets the job done.