Key Takeaways Anheuser-Busch InBev reported revenue up from last year despite a slight decrease in overall sales volume. Year-over-year sales fell in North America and the Asia Pacific region, but rose in the rest of the world. Revenue fell short of analysts' estimates, while underlying profit came in better than projections. Anheuser-Busch InBev (BUD) reported higher second-quarter sales and profit Thursday, despite lower total volume of its iconic beer brands. The Belgian brewer behind Budweiser and Miche ...

Anheuser-Busch InBev SA/NV (BUD) , also known as AB InBev, is slated to release second-quarter 2024 earnings on Aug 1. The leading alcohol beverage company is likely to register year-over-year revenue and earnings growth when it reports second-quarter 2024 results. The Zacks Consensus Estimate for AB InBev's second-quarter revenues is pegged at $15.2 billion, suggesting 0.6% growth from the year-ago quarter's reported number. For second-quarter earnings, the consensus mark is pegged at 84 cents per share, i ...

That was when Bud Light's marketing department decided to hire Mulvaney, the transgender social media influencer with millions of followers across TikTok and Instagram, to tout the brand as part of a special March Madness promotion. the transgender social media influencer, promoted Bud Light on her social media accounts. Evan Agostini/Invision/AP 4 Dylan Mulvaney, Mulvaney posted videos and images on her social media pages showing her brandishing a special, custom-made can of Bud Light with her image and li ...

Market Performance and Sales Impact - Bud Light lost $1.4 billion in U.S. beer sales last year following the controversy, and the company lost over $27 billion in value [3] - Bud Light's U.S. market share was slashed by half, with U.S. retailers reducing shelf space for the brand by up to 7.5% [3] - In the four weeks ending July 6, Bud Light fell to third place in U.S. beer sales with a 6.5% market share, behind Modelo (9.7%) and Michelob Ultra (7.3%) [7][14] Competitive Landscape - Modelo Especial, a brand under Constellation Brands, gained significant market share, overtaking Bud Light as the top-selling beer in the U.S. [3][7] - Michelob Ultra and Busch Light, both under Anheuser-Busch InBev, saw sales increases during the same period, despite Bud Light's decline [10] Brand Strategy and Recovery Efforts - Anheuser-Busch InBev is focusing on building momentum for Michelob Ultra through partnerships at Copa América and the Paris Olympics [3] - Bud Light is attempting to regain its lost audience, including plans for a new Super Bowl ad [8] - Donald Trump's unexpected endorsement of Bud Light ahead of the Super Bowl led to a 5% increase in AB InBev's shares [16] Historical Context and Controversy - Bud Light's partnership with transgender influencer Dylan Mulvaney sparked a boycott, leading to a political crisis and accusations of abandoning its core customer base [15] - The controversy resulted in a significant hit to Bud Light's brand reputation and sales in the U.S., with conservatives celebrating the boycott [15]

BUD has been investing in developing a diverse portfolio of global, international crafts and specialty premium brands in its markets. Notably, the company's global brands lead the way in premiumization. BUD's above-core portfolio has been performing well for a while now. Anheuser-Busch InBev SA/NV (BUD) , alias AB InBev, has seen its shares rise in the past three months ahead of its industry peers and the broader sector. The momentum in the share price results from the company's undaunted focus on lifting i ...

This July 21, 2008 photo shows barley growing in front of the Busch Agricultural Research facility ... [+] elevators in Fargo, ND. (Photo credit should read KAREN BLEIER/AFP via Getty Images) AFP via Getty Images The stock price of Anheuser-Busch InBev (NYSE: BUD) trades at $60 per share, about 25% below its peak level of around $80 seen in mid-June 2021. In contrast, its peer Diageo stock (NYSE: DEO) saw a 35% decline over this period. BUD stock was trading at $55 in early June 2022, just before the Fed st ...

Dublin, June 28, 2024 (GLOBE NEWSWIRE) -- The "Anheuser-Busch InBev - Digital Transformation Strategies" company profile has been added to ResearchAndMarkets.com's offering. This report provides insight into AB InBev's technology activities, including an in-depth look at its digital transformation strategies and innovation hubs and accelerator programs. It offers an overview of AB InBev's technology initiatives, covering partnerships, product launches, investments, and acquisitions. Anheuser-Busch InBev SA/ ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

Over in the options pits, overall options volume is running at four times the amount typically seen at this point. The June 49 put is the most popular, followed by the weekly 7/5 55-strike put, with new positions being sold to open at both. This positive price action marks a rebound, as Anheuser-Busch stock has been falling on the charts since its May 17, two-year high of $67.49. The $67 level rejected the shares' peak in 2022 and 2023 as well. Fresh off five consecutive weekly losses, the equity is down 5. ...

"Our partnership with Concacaf and MLS is another example of how we are connecting our Megabrands, like Michelob Ultra, to mega-platforms like Concacaf and MLS to help create more moments of cheers and celebration for fans," said Marcel Marcondes, Global Chief Marketing Officer of AB InBev. The partnership with MLS features an extensive series of activations for Michelob Ultra throughout each season, including on-site presence at the league's events such as MLS Cup presented by Audi and the MLS AllStar Game ...