Bud Light-parent Anheuser-Busch InBev may have lost more than $1 billion in sales because of its ill-fated advertisement featuring transgender influencer Dylan Mulvaney.In North America, organic revenue — seen as the best measure of operating performance — nosedived a staggering $1.4 billion in 2023, “primarily due to the volume declined of Bud Light,” according to CNN, citing the brewer’s fourth-quarter earnings report.Global volumes declined 4% in the quarter, though in North America, they fell more than ...

Google is facing heavy backlash over accusations that the company is "woke" following the revelation that its new artificial intelligence tool, Gemini, was developed with a bias against White people. The Alphabet-owned tech giant is scrambling to right ship after pulling the plug on Gemini's image generation features last week, with CEO Sundar Pichai telling employees on Tuesday the company is working "around the clock" to fix the tool's bias, calling the images generated by the model "completely unacceptab ...

Anheuser-Busch InBev beat sales estimates in its fourth quarter and full year 2023 results released Thursday. But the global beer giant continues to suffer in the U.S. from the boycott against its Bud Light brand nearly a year after entering its controversial partnership with transgender influencer Dylan Mulvaney. A-B reported revenue increased 7.8% last fiscal year, hitting an all-time high, but acknowledged its "full growth potential was constrained by the performance of our U.S. business." Ticker Securit ...

Anheuser-Busch Inbev SA (BUD) Q4 2023 Earnings Conference Call February 29, 2024 9:00 AM ET Company Participants Michel Doukeris - CEO Fernando Tennenbaum - CFO Conference Call Participants Mitchell Collett - Deutsche Bank Trevor Stirling - Sanford C. Bernstein & Co. Olivier Nicolai - Goldman Sachs Group Chris Pitcher - Redburn Sanjeet Aujla - UBS Brett Cooper - Consumer Edge Sarah Simon - Morgan Stanley Robert Ottenstein - Evercore ISI Operator Welcome to Anheuser-Busch InBev's Full Year and Fourth Quarter ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Anheuser-Busch InBev SA/NV (BUD) , alias AB InBev, reported dismal results in fourth-quarter 2023. The company’s earnings beat the Zacks Consensus Estimate, while revenues missed. Sales and earnings declined on a year-over-year basis.Top and bottom-line growth reflected a positive business momentum, owing to relentless execution, investment in its brands and accelerated digital transformation. Results also benefited from continued consumer demand for its brand portfolio. Backed by the ongoing business momen ...

Budweiser brewer Anheuser-Busch has reached a contract agreement with the Teamsters union that avoids a strike at its US plants.The union had threatened a strike at the brewer’s 12 US plants if an agreement on a new five-year contract wasn’t reached by 11:59 p.m. Thursday. The Teamsters union represents 5,000 Anheuser-Busch workers who brew and package beer and even take care of the company’s legendary Clydesdale horses. 3 Budweiser and Anheuser-Busch locked into a contract agreement with Anheuser-Busch w ...

Budweiser owner Anheuser-Busch InBev on Thursday posted a fall in yearly sales, even as revenue grew on the back of higher beer prices. The world's biggest brewer recorded annual revenue of $59.38 billion, up 7.8%, but shy of analyst expectations of $60.48 billion, according to an LSEG-compiled consensus. Volumes sold fell by 1.7%, with beer brands declining by 2.3%.The company faced a turbulent year as the beer industry faced higher input costs and a squeeze on consumer spending, while it also became embro ...

Anheuser-Busch (A-B) announced it reached a tentative agreement with the International Brotherhood of Teamsters union on Wednesday, one day before its single master contract for the 12 breweries across the country was set to expire. Teamsters, which represents all 5,000 A-B employees at all 12 U.S. locations, confirmed a five-year tentative agreement was reached on Wednesday."Teamsters make the beer, Teamsters make Anheuser-Busch successful, and our members deserve the best contract. That is what we fought ...

Exhibit 99.1 Continued global momentum, partially offset by US performance, delivered all-time high revenue in FY23 "Our business delivered another year of consistent profitable growth with a revenue increase of 7.8% and EBITDA growth of 7.0%. Strong free cash flow generation enabled us to progress on our deleveraging, propose an increased dividend to our shareholders and execute on a 1 billion USD share buyback. Our results are a testament to the strength of the beer category, resilience of our business an ...