283
submitted 10 months ago by MicroWave@lemmy.world to c/news@lemmy.world

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.

you are viewing a single comment's thread
view the rest of the comments
[-] DBT@artemis.camp 8 points 10 months ago

It’s bad to beer snobs/craft bros, but to most normal people it’s refreshing when served cold. Not much flavor going on with BL, but most people who drink it aren’t looking for pumpkin spice or hops or whatever in their beverage - they just want a cold beer that’s smooth and refreshing.

[-] MeanEYE@lemmy.world 3 points 10 months ago

I can see how that would be a thing. My father likes drinking some local beer that is basically equal to drainage water. On the other hand I like German or Czech lager, depending on the mood. He usually doesn't touch my beer saying it's too expensive for his taste. Not sure how 1$ for good 0.5l beer is too expensive for 0.7$ garbage but am not going to argue with him. He actually prefers beer that I drink and enjoys it when he runs out of bad stuff. It's just that he keeps buying that garbage.

[-] Rentlar@lemmy.world 1 points 10 months ago

Sometimes you just want the drunk more than the drink, so you don't care if it tastes anywhere between piss and a Sharpie.

[-] MeanEYE@lemmy.world 1 points 10 months ago

Hm. I have gin and whiskey for that. But to each his own I suppose. :D

[-] ManosTheHandsOfFate@lemmy.world 3 points 10 months ago

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.

this post was submitted on 31 Oct 2023
283 points (89.0% liked)

News

22855 readers
4928 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS