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As a result, the AB InBev stock price saw its second best day in 2023, and their best day since the start of the boycott, up 3.3%. [110] However, AB InBev saw its stock decline by 2.86% in the two weeks after. [111] [112] By October 16, the total decline in AB InBev's revenue from sales since the start of the boycott came in as 10.5%.
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.
AB InBev’s full-year earnings were up 7% to nearly $20 billion compared to the same period a year earlier. Annual revenue was up 7.8% year-over-year to $59.38 billion , falling slightly short of ...
Anheuser-Busch InBev won't be able to kick this can down the road.While external battles have been brewing all year, Bud Light's parent company is now facing internal conflict with its workforce.
AB InBev nevertheless reported better-than-expected profits in the second fiscal quarter of 2023, and as of May appears to have emerged from the boycott efforts virtually unscathed.
In the second quarter, US revenue dropped 10.5%, driven lower by the poor volume performance of Bud Light. But that didn't stop Anheuser-Busch InBev CEO Michel Doukeris from striking an optimistic ...
On Thursday, Bud Light parent company Anheuser-Busch InBev posted better-than-expected Q1 results a year after an advertising campaign kicked off a boycott starting April 2023.
AB InBev stock has looked to recover amid a rocky year for the company. Year to date, AB InBev stock is down 7.7%, while shares of its competitors Molson Coors ( TAP ) and Constellation Brands ...