The Truth About Bud Light Brewery's Stock and Sales Since Mulvaney Fallout
receiving a commemorative can of the beer.Anheuser-Busch, Bud Light's parent company, has been accused of alienating its traditional customer base with the partnership, while some LGBTQ+ campaigners have also criticized the company for not defending its ties with Mulvaney.Amid the backlash over the partnership, recent industry data shows sales of Bud Light in the U.S.
have declined dramatically, with some of those pushing for a boycott claiming responsibility for a recent drop in Anheuser-Busch's stock price.But, analysts told Newsweek, while the future of the beer brand's value remains "uncertain," the investment market views the boycott as "a non-event" when it comes to Anheuser-Busch's global revenues.Anheuser-Busch's financial results for the first quarter of 2023—a period before Mulvaney's social media post—were released on May 4, showing the company's total revenue had grown 13.2 percent, with beer volumes up 0.4 percent.
