EconomyLens.com
No Result
View All Result
Sunday, September 7, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

Bubbling profits for AB InBev despite Bud Light boycott

Andrew Murphy by Andrew Murphy
May 8, 2024
in Economy
Reading Time: 4 mins read
A A
0
23
SHARES
289
VIEWS
Share on FacebookShare on Twitter

AB InBev got caught in the US culture wars in 2023 after it teamed up with a transgender influencer to promote Bud Light, which sparked a boycott by conservative figures.. ©AFP

Brussels (Belgium) (AFP) – The world’s largest brewer AB InBev on Wednesday toasted a jump in profits in the first quarter, despite a drop in beer sales driven by a Bud Light boycott in the United States.

Related

Most EU carmakers on track to meet emission targets: study

Seoul says over 300 South Koreans detained in US to be released

Swiss minister eyes ‘opportunity’ after US tariff talks

Indonesia’s delayed new capital risks ‘white elephant’ status

‘Build, baby, build’: Canada PM’s plan to counter Trump

The Belgian-Brazilian group, which includes the Budweiser, Stella Artois and Corona brands, said net profits were up 15.2 percent to reach $1.51 billion thanks to higher prices.

AB InBev, which claims more than two billion consumers in 150 countries, recorded a 0.6 percent drop in volumes sold worldwide in the first three months of 2024.

Beer sales posted a larger drop of 1.3 percent, but the total was partially offset by a 3.5 percent increase in other drinks.

The company said in its earnings statement that sales-to-retailers “were down by 13.7 percent, primarily due to the volume decline of Bud Light”.

AB InBev got caught in the US culture wars in 2023 after it teamed up with a transgender influencer to promote Bud Light, which sparked a boycott by conservative figures.

Despite the sales decline, higher prices allowed AB InBev to increase its revenue by 2.6 percent to $14.5 billion dollars.

AB InBev said sales rose in 75 percent of its markets worldwide, thanks to a 3.3 percent increase in revenue per hectolitre.

“The strength of the beer category, our diversified global footprint and the continued momentum of our megabrands delivered another quarter of broad-based top- and bottom-line growth,” CEO Michel Doukeris said in a statement.

“We are encouraged by our results to start the year, and the consistent execution by our teams and partners reinforces our confidence in delivering on our 2024 growth ambitions.”

© 2024 AFP

Tags: ab inbevbeerprofits
Share9Tweet6Share2Pin2Send
Previous Post

Japanese auto giant Toyota posts record net profit

Next Post

AstraZeneca withdraws Covid vaccine as demand dives

Andrew Murphy

Andrew Murphy

Related Posts

Economy

Tough negotiations and uncertainty ahead of OPEC+ meeting

September 7, 2025
Economy

Swiss minister eyes ‘opportunity’ after US tariff talks

September 7, 2025
Economy

88 postal operators suspend services to US over tariffs: UN

September 7, 2025
Economy

Seizing Russian assets would risk ‘terrible systemic shock’ to euro: Belgian FM

September 5, 2025
Economy

The massive debt behind France’s political turmoil

September 5, 2025
Economy

US trade gap widest in 4 months as imports surged ahead of tariffs

September 5, 2025
Next Post

AstraZeneca withdraws Covid vaccine as demand dives

Keynesian Economics: The Legacy of John Maynard Keynes

China's Xi welcomed with 'respect and love' in Serbia

BMW says EU probe into China EV subsidies against free trade

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

77

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

ECB set to hold rates steady with eye on France crisis

September 7, 2025

Asian shares rise as Japan politics weigh on yen

September 7, 2025

Most EU carmakers on track to meet emission targets: study

September 7, 2025

Key OPEC+ members boost oil production

September 7, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.