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Bud Light

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business1 year ago

Bud Light Faces Another Setback

Bud Light has lost its position as the most popular beer on tap in the US, overtaken by Michelob Ultra, another Anheuser-Busch InBev brand. This shift follows a boycott of Bud Light after a controversial Instagram post and reflects changing consumer preferences towards Michelob Ultra's health-conscious image. Despite Bud Light's efforts to regain market share, Michelob Ultra's strategic marketing and sponsorships have bolstered its popularity, leading to increased sales and draft availability.

via CNN|
#anheuser-busch-inbev#beer-sales#bud-light
entertainment1 year ago

Post Malone Drops Surprise Nashville Concert, Announces Country Album with Blake Shelton

Post Malone will perform a free, exclusive Bud Light-sponsored concert in Nashville on July 16 to promote his upcoming album "F-1 Trillion," set for release on August 16. Fans can enter to win tickets by messaging Bud Light on social media. Malone's recent collaborations with country artists and his hit single "I Had Some Help" highlight his growing presence in the country music scene.

via Tennessean|
#bud-light#concert#country-music
entertainment1 year ago

Kid Rock Moves on from Bud Light Feud, Sets Sights on New Targets

Kid Rock has moved on from his feud with Bud Light and is now targeting Planet Fitness, Ben & Jerry's, and Target for potential right-wing outrage. He criticized Planet Fitness for an incident involving a transgender member and called out Ben & Jerry's and Target for unspecified reasons. Despite claiming not to want to harm people's jobs, he continues to identify new targets for criticism.

via The Daily Beast|
#ben-and-jerrys#bud-light#controversy
business1 year ago

Altria Plans $2 Billion Sale of Beer Shares

Altria plans to sell $2.3 billion worth of its stake in Anheuser-Busch InBev to buy back its own stock, with the option to sell an additional 5.25 million shares. The move reflects confidence in ABI's long-term strategies, global brands, and management team. AB InBev will buy $200 million of the stock Altria is selling, and analysts believe the brewer's deleverage plans will allow for more stock buybacks in the future. Anheuser-Busch InBev's U.S. business has been impacted by declining Bud Light sales, but its global business remains unaffected. Altria stock rose 1% following the announcement.

via MarketWatch|
#altria#anheuser-busch-inbev#bud-light
business1 year ago

"Bud Light's Sales Plummet Over $1 Billion After Dylan Mulvaney Partnership Backlash"

Anheuser-Busch, the parent company of Bud Light, reportedly lost over $1 billion in revenue in North America after facing boycotts from conservatives due to its partnership with trans-identifying influencer Dylan Mulvaney. The company's organic revenue dropped $1.4 billion, with much of the decline attributed to the controversial marketing partnership. Sales of Bud Light plummeted, leading to layoffs and the departure of top marketers. The company also faced a legal battle over whether Mulvaney's promotion of beer complied with industry standards, prompting a review by the Beer Institute and the revision of advertising guidelines for social media influencers.

via The Daily Wire|
#anheuser-busch#bud-light#business
business1 year ago

Anheuser-Busch InBev's $1 Billion Sales Hit from Bud Light Backlash

Anheuser-Busch InBev, the parent company of Bud Light, suffered a significant sales decline of over $1 billion in 2023, largely attributed to a controversial advertisement featuring transgender influencer Dylan Mulvaney. The boycott against Bud Light led to a 15% volume decline in North America, impacting revenue and causing repercussions for employees and distributors. Despite this, the company still turned a profit, but its US business growth potential was constrained. Modelo Especial, produced by Constellation Brands, has since surpassed Bud Light as the nation's best-selling beer, while conservative backlash has led to the rise of "woke-free" beer brands like Conservative Dad's Ultra Right Beer.

via New York Post |
#anheuser-busch#bud-light#business
business1 year ago

"Bud Light's Impact: Anheuser-Busch InBev's Q4 Earnings and Sales Decline"

Anheuser-Busch InBev's U.S. revenue dropped 17.3% in the fourth quarter, largely due to a decline in Bud Light sales following a controversial partnership with transgender influencer Dylan Mulvaney. Despite beating sales estimates globally, the company's U.S. business continues to suffer, with Bud Light facing backlash and a boycott from conservative influencers and celebrities. Efforts to rehabilitate the brand's image have had limited success, and Bud Light lost its title as the bestselling beer in the U.S. to Constellation Brand's Modela Especial.

via Fox Business|
#anheuser-busch-inbev#bud-light#business
business1 year ago

"AB InBev's Profit Rebounds Despite Bud Light Boycott Impact"

Anheuser-Busch InBev, the parent company of Bud Light, turned a profit in its fourth quarter and fiscal 2023 results, despite a 2.6% decline in volume and a 17.3% drop in US revenue due to poor performance of Bud Light. The company narrowly avoided a strike at 12 US breweries by reaching a tentative agreement with the Teamsters, which includes improved wages, healthcare, and retirement benefits. The company is focusing on doubling down on beer and expects EBITDA to grow between 4-8% in 2024, while also contending with changing consumer preferences and competition from Mexican import beers.

via Yahoo Finance|
#anheuser-busch-inbev#beer-market#bud-light
business1 year ago

"Anheuser-Busch InBev Overcomes Bud Light Boycott and Strikes to Turn Profit"

Anheuser-Busch InBev may have lost over $1.4 billion in sales due to a boycott of Bud Light following a partnership with a transgender influencer. The backlash led to a decline in Bud Light sales in the United States, causing a significant drop in revenue for the company's US business. Despite reporting record revenues, the company's performance in North America was hindered by the boycott, with Bud Light losing its long-held title as America's top-selling beer to Modelo Especial. However, there was some positive news as the company reached a tentative agreement with the Teamsters union in the United States, averting a strike, and saw gradual improvement in its US beer market share.

via CNN|
#anheuser-busch-inbev#boycott#bud-light
entertainment1 year ago

"2024 Super Bowl Ads: Reflecting Divisions, Costs, and Celebrity Winners"

Super Bowl ads reflected divisive issues such as religion, the presidential race, and Bud Light, with some controversial moments including a Bud Light ad hinting at a desire to hide from culture wars, and political ad for independent presidential candidate Bobby Kennedy Jr. using his uncle's image. Additionally, ads promoting faiths and ideologies battled for viewers' attention, with surprising modern portrayals of Jesus, and a political ad for Bobby Kennedy Jr. causing a family feud within the Kennedy family.

via Hollywood Reporter|
#ads#bud-light#entertainment
politics1 year ago

"Trump's Support: Bud Light's Path to Redemption"

Former President Trump's call for Americans to forgive Bud Light and its parent company, Anheuser-Busch, following a conservative boycott sparked by a marketing campaign with transgender influencer Dylan Mulvaney has divided opinions. While some are ready to make amends, others are hesitant, with critics accusing Trump of defending the brand due to a fundraiser hosted by a top Republican lobbyist for Anheuser-Busch. The brand has seen a 30% drop in sales since the controversy, and former Bud Light drinkers are considering putting the feud behind them following Trump's defense.

via Fox News|
#boycott#bud-light#controversy
businesspolitics1 year ago

"Trump's Bud Light Stock Controversy Sparks Criticism and Fundraiser Defense"

Former President Donald Trump's ownership of up to $5 million in stocks in Bud Light's parent company, Anheuser-Busch InBev, has raised questions after he defended the brand following backlash over its collaboration with a transgender influencer. Commentators have speculated that Trump's defense may be motivated by his financial ties to the company, including links to one of its lobbyists hosting a campaign fundraiser for him. Trump's financial links to the company have been reported by multiple publications, and he is not the only conservative figure to recently defend the brand, which is a prominent Republican Party donor.

via Newsweek|
#anheuser-busch#boycott#bud-light
politics-business1 year ago

"Trump Defends Anheuser-Busch Amid Transgender Controversy"

Former President Donald Trump has been accused of being influenced by Anheuser-Busch InBev after calling for an end to the Bud Light boycott, following a controversial marketing campaign involving a transgender influencer. Trump's upcoming fundraiser, organized by a lobbyist for the company, and his ownership of up to $5 million worth of its shares have raised suspicions of a quid pro quo. The conservative backlash against Bud Light's marketing led to a significant sales plunge, prompting Trump's plea for a ceasefire, which some view as a strategic move to secure donations for his cash-strapped campaign. Anheuser-Busch InBev's financial struggles and efforts to repair its image following the controversy are also highlighted.

via Daily Mail|
#anheuser-busch#bud-light#conservative-backlash
politics-lgbtq-rights1 year ago

"Trump Defends Bud Light Amid Right-Wing Backlash"

Caitlyn Jenner faces backlash from conservative and right-wing figures for supporting Trump's call to end the boycott of Bud Light over its brief partnership with transgender influencer Dylan Mulvaney. Despite her conservative views and previous support for Trump, Jenner was mocked and deadnamed by prominent conservatives for her stance. The backlash included anti-trans slurs and attacks, highlighting the ongoing tension within the conservative movement over LGBTQ+ issues.

via The Daily Beast|
#bud-light#caitlyn-jenner#conservative-backlash