Bud Light boycott likely cost Anheuser-Busch InBev over $1 billion in lost sales ...Middle East

By Hanna Ziady, CNN London (CNN) — The world’s largest brewer may have lost as much as $1.4 billion in sales because of the backlash to its brief partnership with a transgender influencer to promote Bud Light beer. Anheuser-Busch InBev (BUD) reported record revenues for 2023 Thursday but said its “full growth potential was constrained” by its US business, where sales were hurt by a boycott of Bud Light over a sponsored Instagram post with Dylan Mulvaney. In North America, organic revenue, seen as the best measure of operating performance, plunged $1.4 billion last year as beer sales by volume tumbled in the region, primarily due to a decline in Bud Light sales in the United States. Be

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Bud Light boycott likely cost Anheuser-Busch InBev over $1 billion in lost sales ...Middle East

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