Bud Light sales still suffering in US a year after controversy [FOX Business Network]
Constellation Brands, Inc. (STZ)
Last constellation brands, inc. earnings: 4/3 07:30 am
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Source: FOX Business Network
than a year since the beverage giant's controversial partnership with transgender influencer Dylan Mulvaney sparked a boycott of the beer. In its first-quarter earnings released Wednesday, A-B reported a 2.6% increase in revenue globally, but a 9.1% decrease in America. Sales to retailers in the U.S. were down 13.7%, primarily driven by a drop in Bud Light volume, the company said. Ticker Security Last Change Change % BUD ANHEUSER-BUSCH INBEV Anheuser-Busch InBev SA Sales to wholesalers in the U.S. market were also down by 10.1%, and the company's earnings before interest, taxes, depreciation and amortization (EBITDA) dropped by 19.7%. Total volumes globally were down 0.6% in the quarter, with A-B's beer volumes down by 1.3%, but non-beer volumes were up by 3.5%. Sales of Bud Light began to tumble in the U.S. in April 2023, not long after the brand created and sent custom beer cans to Mulvaney to mark "365 days of girlhood." That move and comments from Bud Li
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News
- Constellation Brands Announces Updated Time of Presentation at the Bernstein 40th Annual Strategic Decisions Conference on Wednesday, May 29, 2024 [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Constellation Brands Announces Updated Time of Presentation at the Bernstein 40th Annual Strategic Decisions Conference on Wednesday, May 29, 2024GlobeNewswire
- Constellation Brands to Present at the Bernstein 40th Annual Strategic Decisions Conference on Wednesday, May 29, 2024 [Yahoo! Finance]Yahoo! Finance
- Constellation Brands to Present at the Bernstein 40th Annual Strategic Decisions Conference on Wednesday, May 29, 2024 [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Constellation Brands to Present at the Bernstein 40th Annual Strategic Decisions Conference on Wednesday, May 29, 2024GlobeNewswire
STZ
Earnings
- 4/11/24 - Beat
STZ
Sec Filings
- 5/14/24 - Form 4
- 5/7/24 - Form 4
- 5/3/24 - Form 144
- STZ's page on the SEC website