Bud Light sales down nearly 30% year over year as rivals continue to climb

UFC president Dana White reacts to making Bud Light UFCs official beer after the beer giant faced intense backlash following its partnership with trans activist Dylan Mulvaney on Hannity.

Anheuser-Busch InBev’s beleaguered Bud Light brand is still having trouble luring back the customers it lost following its controversial partnership with transgender activist Dylan Mulvaney last year.

Bud Light sales were down 29.9% year over year for the week ending Jan. 20, 2024 compared with the same period last year, according to the latest numbers provided to FOX Business by Bump Williams Consulting, which analyzed Neilsen IQ data.

https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB

Bud Light cans are seen in a store in Montreal on June 16, 2023. The beleaguered Anhueser-Busch brand continues to suffer from a U.S. boycott launched last year. (Jakub Porzycki/NurPhoto via Getty Images / Getty Images)

Ticker	Security	Last	Change	Change %
BUD	ANHEUSER-BUSCH INBEV	62.35	-0.09	-0.14%

Anheuser-Busch Inbev SA

Sales of A-B’s signature Budweiser brand were also down 15% on an annualized basis for the week, while competitors saw growth.

BUDWEISER’S CLYDESDALES RETURN FOR SUPER BOWL LVIII

Molson-Coors’ Coors Light saw 12.2% sales growth, while Miller Lite sales rose 6.9%, and Yuengling Light soared by 72.3%.

Ticker	Security	Last	Change	Change %
TAP	MOLSON COORS BEVERAGE CO.	62.00	-0.86	-1.38%

Modelo Especial, the Mexican lager owned by Constellation Brands, also gained further ground against Bud Light, seeing a 10.8% sales boost on the week compared with the same time in 2023, when Modelo eclipsed the A-B brand to become the best-selling beer in the U.S.

Modelo Especial, which is brewed by Constellation Brands, became the top-selling beer in the United States in 2023, overtaking Bud Light. (Illustration by Mario Tama/Getty Images / Getty Images)

Ticker	Security	Last	Change	Change %
STZ	CONSTELLATION BRANDS INC.	246.23	-2.21	-0.89%

Constellation Brands, Inc.

Sales of Bud Light began to tumble in the U.S. in April of last year, not long after the brand created and sent custom beer cans to Mulvaney to mark her “365 days of girlhood.”

ANSON FRERICKS ‘OPTIMISTIC’ COMPANIES WILL BE LESS INVOLVED, DIVISIVE GOING FORWARD

That move and comments from Bud Light’s marketing vice president at the time, Alissa Heinerscheid – who said she wanted to update the “fratty” and “out of touch” brand – sparked calls from conservative influencers and celebrities to shun the brand, and a boycott took hold.

Cases of Budweiser and Bud Light beer. (Brandon Bell/Getty Images / Getty Images)

AB InBev has since worked to rehabilitate the brand’s image, with limited success.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

In recent months, the company has announced new partnerships with UFC and the Olympics, and is planning a set of Super Bowl LVIII ads focused on patriotism and humor.

Source link