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Stock impact report

Has Bud Light survived the boycott? Year after influencer backlash, positive signs emerge [USA TODAY]

Constellation Brands, Inc. (STZ) 
Last constellation brands, inc. earnings: 4/3 07:30 am Check Earnings Report
US:NYSE Investor Relations: cbrands.com/investors
Company Research Source: USA TODAY
USA TODAY remain flat more than year after the brand faced from consumers angered over its teaming up with AB InBev, which owns Budweiser and Bud Light, said overall global sales topped $14.5 billion, but sales in the U.S. declined 9.1% during the Jan.-March 2024 period. Sales to retailers were down 13.7%, "primarily due to volume decline of Bud Light," However, the world's largest beer maker says its revenue rose 2.6% during the first three months of 2024, in its quarterly financial report released Wednesday. Sales of higher-priced products helped revenue increase as total worldwide volume of beer sold fell 1.3%. Bud Light sales decline continues AB InBev has seen U.S. sales decline since the boycott, which arose after about the company's $15,000 March Madness giveaway contest and showed a promotional Bud Light can with her face on it. Criticism followed with and in which he shot and destroyed cases of Bud Light with an assault weapon. Subsequently, in May 2023 as th Show less Read more
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