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.
They did something very triggering to a group of people that are extremely easily triggered. To a normal person it seems like no big deal on the surface. From a business stand point, it makes zero sense to promote your product to people who don’t like it, while triggering a huge chunk of your faithful patrons.
Might be called the Butterfly effect, idk, but the token move definitely brewed up a blizzard of conservative snowflakes.