Anheuser-Busch InBev is STILL losing money due to the entirely organic boycott of its beers — especially Bud Light — after it teamed up with a transgender activist to push the radical ideology on its customers.
The beer giant reported having lost yet another 13.5 percent in the last quarter. This has been happening in every quarter since the boycott spun up in April.
Per the New York Post:
Bud Light was dethroned this summer as the top-selling beer in the US by Mexican import Modelo.
The largest brewer in the world said US revenues fell nearly 14% from July through September, while other global regions including the Middle East, Africa, and Asia-Pacific grew. The company said sales in Europe were “soft.”
Overall revenues for the Belgian-based conglomerate rose 4% to $15.6 billion and EBITDA sunk by 29.3%. It’s the second consecutive quarter in which sales in the US have declined.
In August, AB InBev CEO Michel Doukeris said on an earnings call, “In the US, we are listening and actively engaging with our consumers … They want to enjoy their beer without a debate, they want us to focus and concentrate platforms that all consumers love.”
All that there “listening” doesn’t seem to be workin’ for ya, does it Anheuser-Busch?
AB InBev still claims it is “confident” that Bud Light will regain its customer base. But so far, all they have is hope, because to date there has been no evidence of any recovery.Commentary