Posted 2/29/2024, 3:32:57 PM
Budweiser Parent Anheuser-Busch Sees Declining US Sales Amid Bud Light Boycotts
- Anheuser-Busch InBev (BUD) reported Q4 revenue of $14.7 billion, slightly below expectations due to declining US sales
- US revenue declined 17.3% in Q4 due to Bud Light boycotts that lasted most of 2023
- Overall sales volume declined 2.6% in Q4, more than expected
- Sales to US retailers dropped 12.1% in Q4 amid poor Bud Light performance
- Anheuser-Busch averted a strike after reaching a tentative deal with the Teamsters union