Anheuser-Busch Inbev says that revenue growth in most of its global regions was offset by a drop in North American sales.
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.
I didn't understand that campaign... Bud Light has always been the wilfully shitty and boring beer that appeals to (and I'm trying to be diplomatic here... ) blue collar types or those that don't really have a discerning palate.
Millennials and Zoomers by and large don't drink that much beer. Gender neutral/accepting club kids don't drink beer. If they're drinking anything, it's likely cocktails or white claw. In the odd event they went for beer it would be something quirky or higher quality than Bud fucking Light. Presumably Bud was trying to appeal to that crowd since their chief demographic is stagnant, but Bud Light was silly to not go after a group adjacent to their core audience but instead court a fickle segment of the population who doesn't give half a fuck about what they're selling and moreover is full on HATED by who already consumed their beer. Bud has decades of cultural weight about being a conservative, blue collar beer... that matters for better or worse
For the record: I'm glad a brand like Bud (who I have zero love for) made overtures to the trans community... even if it was crass commercialization. From a purely capitalist perspective, it made zero sense for a brand like Bud. What's worse, due to Bud's misstep, bigots now feel emboldened and other brands might make the decision to not be inclusive after watching this play out
Trans allies (and open minded folks in general) by and large moved on from tasteless American adjunct lagers a decade ago and drink completely different beer. Bud is a relic. Trying to give it a hurried makeover won't suddenly make it cool. Jumping into the culture war fray and folding the instant bigots complained just fucked things up Bud's appeal for anyone whose attention they had
Beer is the preferred alcoholic beverage of 69% of men aged 18 to 29, 65% of men aged 30 to 49, 52% of men aged 50 to 64, and 39% of men aged 65 and older
Millennials and Gen Z drink beer at higher rates than other generations
Trans allies (and open minded folks in general) by and large moved on from tasteless American adjunct lagers a decade ago and drink completely different beer. Bud is a relic.
I will say that the trans community where I am definitely are beer drinkers but overwhelmingly the vibe is locally produced stuff. I know at least two trans folk who run breweries. Maybe folk who conquer the lows of discontentment with one's body and place in society to finally live as their most authentic self despite the cultural blowback are gunna be a little more aspirational in their self care than Bud Lite?