Budweiser maker continues to feel pain of Bud Light boycott Budweiser Budweiser maker AB InBev said its US sales and profits plunged during the second quarter, as Bud Light fell out of favour with customers. Earlier this year, the beer giant chose transgender influencer Dylan Mulvaney to promote the alcoholic drink, sparking outrage from American conservative commentators, celebrities and anti-trans hate groups. The hashtag #BoycottBudLight went [...]
Budweiser hints at future price rises as cost inflation starts to bite FOOD AND DRINK Budweiser has hinted that it might have to raise its prices in the UK and Ireland in the future as cost inflation continues to hit companies’ bottom lines. Brian Perkins, group president of Budweiser Brewing Group in UK and Ireland, told City A.M., that “no company has been immune to cost inflation”. Explaining the dilemma [...]
Punk IPA will be sold in ‘every corner of China’ following BrewDog Budweiser partnership BrewDog The joint venture will see the Scottish craft beer company sell its most popular brands such as Punk IPA and Elvis Juice across the country from March 2023.
Qatar World Cup: In dramatic U-turn alcohol banned in stadiums, Budweiser outraged November 18, 2022 Qatar World Cup officials have launched a stunning and abrupt U-turn, banning alcohol in its stadiums. The tiny Gulf kingdom is set to outlaw the consumption of beer in grounds, owing to its strict Muslim laws which prohibit alcohol. It had been promised before the tournament there would be areas where fans could drink, with [...]
Budweiser owner hikes guidance after raking in higher-than-anticipated beer sales October 27, 2022 Brewing giant AB InBev has lifted its yearly earnings guidance after posting higher than anticipated earnings, with punters’ thirst for beer not waning despite high inflation levels. Raising a glass to its best quarterly performance this year, on a volume basis, the Budweiser maker elevated its 2022 guidance. EBITDA is now anticipated to rise between [...]
Consumers buying more beer as Budweiser maker AB InBev reiterates growth outlook May 5, 2022 Budweiser maker Anheuser-Busch InBev (AB InBev) said drinkers are swallowing higher prices and bought more beer in the first quarter. After posting higher than expected earnings, the Belgian brewer reiterated an EBITDA growth outlook of between four and eight per cent for the full year. Consumers had bought 2.8 more drinks by volume in the [...]
Budweiser owner AB InBev to exit Russian venture in $1.1bn hit April 22, 2022 Budweiser owner Anheuser-Busch InBev has said it will cut off supplies of its beer to Russia by selling its stake in a joint venture to a Turkish partner. The move will trigger a $1.1bn impairment charge in the world’s largest brewer’s first quarter results. The Belgian brewer revealed it was in “active discussions” about selling [...]
JD Wetherspoon and Budweiser ink 20-year partnership as brewer chain’s largest beer supplier November 29, 2021 Pub operator JD Wetherspoon has announced a 20-year deal with brewer Budweiser, which will become the chain’s largest beer supplier. JD Wetherspoon (JDW) will be ditching its 41-year association with brewer Heineken in favour of products from Budweiser Brewing Group. Beers including Budweiser, Stella Artois, Corona and Bud Light will be on offer at JDW [...]
Budweiser invests £115m in UK breweries to pour an extra 630m pints a year March 4, 2021 Budweiser has announced plans to invest more than £115m in its two major UK breweries to improve their infrastructure and create jobs. The beer firm, which is part of drinks giant AB Inbev, will install modern equipment at its South Wales and Lancashire sites to expand capacity in brewing, canning and bottling. The investment will [...]
Cutouts, twice-daily tests and no Budweiser adverts: How Super Bowl LV has had to adapt in a pandemic February 6, 2021 Some things about Super Bowl LV will be reassuringly familiar, like the star-spangled razzmatazz and Tom Brady. But Sunday’s game between last year’s winners the Kansas City Chiefs and Brady’s Tampa Bay Buccaneers will also be different to the 54 previous editions. The NFL has had to adapt its season finale for the Covid-19 era, [...]