• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

Early indications

Industry publications such as Beer Business Daily and data from NielsenIQ and Bump Williams Consulting suggested that sales of Bud Light were plummeting as the public backlash continued. Some wholesalers also confirmed the reports of sales declining.

However, AB InBev’s management was quick to point out that these declines represented just a fraction of the company’s overall sales. “Bud Light volume decline in the U.S. over the first three weeks of April, as publicly reported, would represent around 1% of our overall global volumes for that period,” Doukeris confirmed during the earnings call. “We believe we have the experience, the resources, and the partners to manage this. And our full-year EBITDA growth outlook is unchanged.”

That’s good news for investors.

Investors might also be encouraged by the fact that other multinational brands have brushed off similar controversies in the past. Disney shares are up 13% year-to-date and the company has even announced a Pride event at its resort in June, despite the backlash against the company’s stance on Florida’s so-called ‘Don’t Say Gay’ bill.

Meanwhile, Nike shares are up nearly 7% year-to-date despite its own collaboration with Dylan Mulvaney. Nike’s partnership with the controversial star continues despite the backlash.

Trading Tips for All Levels: Avoid These 5 Expensive Mistakes

Don't let costly errors derail your trading success. Learn about the five most expensive mistakes in options trading and how to avoid them, whether you're just starting out or have years of experience. Enhance your trading strategy today and stay ahead of the game!

Learn More

AB InBev shares

Anheuser-Busch InBev stock closed up 3.5% on Thursday after the earnings call. Year-to-date, the stock is up about 9%, pretty much in line with the S&P 500 over the same period.

The company’s stock performance, full-year guidance and sales volume all indicate that the ongoing boycott may have minimal impact on the company’s long-term prospects. Investors with a broad time horizon may probably want to overlook the temporary disruption in public relations.

Sponsored

This 2 Minute Move Could Knock $500/Year off Your Car Insurance in 2024

Saving money on car insurance with BestMoney is a simple way to reduce your expenses. You’ll often get the same, or even better, insurance for less than what you’re paying right now.

There’s no reason not to at least try this free service. Check out BestMoney today, and take a turn in the right direction.

Vishesh Raisinghani Freelance Writer

Vishesh Raisinghani is a freelance contributor at MoneyWise. He has been writing about financial markets and economics since 2014 - having covered family offices, private equity, real estate, cryptocurrencies, and tech stocks over that period. His work has appeared in Seeking Alpha, Motley Fool Canada, Motley Fool UK, Mergers & Acquisitions, National Post, Financial Post, and Yahoo Canada.

Disclaimer

The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.