All articles tagged with #ab inbev
Michelob Ultra has become the best-selling beer in the U.S., overtaking Modelo Especial, marking a significant turnaround for AB InBev after challenges faced by Modelo and Bud Light's recent controversies. The shift reflects changing consumer preferences and broader economic factors affecting Constellation's business.
Netflix and AB InBev have formed a first-of-its-kind global marketing partnership where AB InBev's beer brands will serve as title sponsors for Netflix shows and events worldwide, integrating their brands into content, activations, and packaging to create culturally relevant moments across multiple markets.
Shares of AB InBev fell over 4% after trading suspension due to news of U.S. tobacco giant Altria selling a portion of its 10% stake in the company, with plans to sell 35 million of its 197 million shares at a price of 54.7 euros per share, about 6.5% less than the previous day's closing price. AB InBev intends to buy back $200 million worth of shares, and the sale will reduce Altria's holding in the company to around 8%.
Shares of AB InBev were suspended from trading at the request of Belgium's FSMA after news that Altria, the tobacco giant, plans to sell around 35 million shares, or a fifth of its stake, in the world's top beer maker. AB InBev intends to buy back $200 million worth of shares, and its CEO stated that the move is consistent with the company's strategy. Analysts believe the sale will have minimal longer-term significance for AB InBev, and Altria aims to use the proceeds to fund additional buybacks of its own stock.
Anheuser-Busch InBev secures the first-ever beer sponsorship for the Olympics, with its non-alcoholic beer, Corona Cero, being the chosen brand for the partnership. The deal spans from the Paris 2024 Summer games to the Los Angeles 2028 Summer games. AB InBev's CEO sees potential in the low-alcohol market and emphasizes the resilience of the beer industry amid global supply chain challenges. This move marks a strategic shift for AB InBev, following previous marketing controversies, and could provide a significant platform for the company's products.
AB InBev, the parent company of Bud Light, announced a $1 billion buyback program, causing its shares to rise by 5%. The buyback will be executed over the next 12 months. However, the company's Q3 earnings results were mixed, with US volume growth dragging down performance. US revenue dropped 13.5% due to a decline in Bud Light sales. AB InBev also saw softness in Europe but growth in other regions. The company's stock is down over 5% year-to-date.
Anheuser-Busch InBev, the world's largest brewer, reported a 13.5% decline in US sales in the latest quarter, largely attributed to a boycott of Bud Light following a controversial marketing campaign with transgender influencer Dylan Mulvaney. Bud Light was also dethroned as the top-selling beer in the US by Modelo. While other global regions saw growth, AB InBev's US revenues fell nearly 14%. The company plans to focus on uncontroversial marketing campaigns and has announced a multiyear sponsorship deal with the Ultimate Fighting Championship to win back customers.
AB InBev, the parent company of Bud Light, reported mixed Q3 results with a decline in US volume growth and a drop in revenue. However, the company announced a $1 billion buyback program, which boosted its stock by 5%. AB InBev also plans to deleverage by purchasing up to $3 billion worth of bonds. The company is investing in marketing, including a partnership with the UFC, and remains committed to the Bud franchise despite recent challenges.
AB InBev, the world's largest brewing company, exceeded expectations in Q3 with a 5% increase in revenue, reaching $15.57 billion. However, the ongoing Bud Light controversy, including a boycott led by conservatives protesting the brand's partnership with a transgender influencer, continued to impact U.S. sales, resulting in a 13.5% drop in revenue and a 29.3% decline in EBITDA. Despite this, the company's performance in other markets, such as the Middle East, Africa, and Asia-Pacific, helped offset the weak U.S. sales. AB InBev also announced a $1 billion share buyback and a cash tender offer for up to $3 billion outstanding bonds as part of its focus on deleveraging.
Bank of America has upgraded AB InBev stock from Neutral to Buy, signaling a potential turning point for the company after the Bud Light fallout. Analysts believe that the impact of the boycott, input cost pressures, and investments in Latin America are already factored into the stock price. Margins have been declining since 2018, but BofA expects a 300-basis-point increase in the next three years. While Bud Light sales are still down 28.1% compared to last year, the company's competitors, such as Molson Coors and Constellation Brands, have seen their stocks rise. AB InBev will report earnings on October 31.
Anheuser Busch InBev's second-quarter earnings beat expectations, despite a decline in U.S. sales due to a boycott of its Bud Light beer brand.
Anheuser-Busch InBev, the world's largest brewer, exceeded profit expectations in the second quarter despite a social media-driven boycott of its popular Bud Light beer in the U.S. The company reported a 7.2% increase in revenue globally, with price hikes offsetting a decline in volumes. Core profit rose by 5% year-on-year, surpassing forecasts. AB InBev's U.S. revenues were down 10.5% due to the boycott, but the company highlighted positive growth in South Africa, Colombia, and China. The Bud Light boycott was sparked by a controversial sponsorship partnership with a transgender influencer.
Florida Governor Ron DeSantis has ordered an investigation into whether Bud Light's parent company, AB InBev, breached its duties to shareholders by partnering with transgender influencer Dylan Mulvaney. DeSantis instructed the State Board of Administration to review the impact of AB InBev's conduct on the value of the state's holdings and suggested that a shareholder action may be necessary. Bud Light has faced conservative backlash and a boycott, resulting in plummeting sales and a loss of market share. DeSantis accused the company of neglecting stakeholders and pensioners by associating with "radical social ideologies." This move is part of DeSantis' pattern of involving himself in hot-button social issues and flexing his political powers.
Florida Governor Ron DeSantis is urging the state's pension fund manager to consider legal action against AB InBev, the parent company of Bud Light, over its recent marketing efforts that conservatives have criticized. DeSantis claims that the company breached its legal duties to shareholders by associating with "radical social ideologies." Sales of Bud Light have dropped since the company partnered with a transgender influencer, leading to a conservative boycott. DeSantis threatens a "derivative lawsuit" against AB InBev and argues that Florida's pension funds should not support an "ideological agenda." This move is part of DeSantis' broader campaign against "woke capitalism" and follows his clashes with Disney over a state law on teaching about sexual orientation and gender identity.
Florida Governor Ron DeSantis is urging the state's pension fund manager to consider legal action against AB InBev, the parent company of Bud Light, over its recent marketing efforts that conservatives have criticized. DeSantis claims that AB InBev breached its legal duties to shareholders by associating with "radical social ideologies." Sales of Bud Light have dropped since the company partnered with transgender influencer Dylan Mulvaney, leading to a conservative boycott. DeSantis suggests a "derivative lawsuit" against AB InBev and wants the state to review the impact of the company's financial downturn. This move is part of DeSantis' ongoing efforts to combat what he calls "woke capitalism" and inject himself into the culture wars.