Anheuser-Busch InBev Backs Guidance Despite 3Q Miss on Lower Volumes
31 10월 2023 - 3:42PM
Dow Jones News
By Ian Walker
Anheuser-Busch InBev backed its full-year guidance after
third-quarter earnings missed market forecasts as volumes fell,
with drops in North American offsetting rises in other areas.
The world's largest brewer--which houses Stella Artois and
Budweiser among its portfolio--said Tuesday that overall volumes
fell 3.4% on an organic basis, missing expectations of a 2.7% fall.
Within this, North America volumes fell 17.1% compared with a fall
of 14.5% in the second quarter
Sales in the region have been falling since April when Dylan
Mulvaney, a transgender social-media star, made an Instagram post
about a personalized can of Bud Light that the brewer had sent her
as a gift. The post sparked a boycott that caused sales of Bud
Light, and other brands, to fall.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
October 31, 2023 02:27 ET (06:27 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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