Posted on 04/15/2023 8:27:27 PM PDT by linMcHlp
Americans are drinking less beer after Bud Light, among others, raised their prices.
In AB InBev's (BUD) latest quarterly results, the total volume of beer sold decreased by 0.9%. At the same time, total revenue grew 10.2% to $14.67 billion, with price increases a key driver of that. After price increases and "really complicated" weather in the month of December, CEO Michel Doukeris called the Q4 results in the U.S. a "one-off, complicated quarter" in a call with investors.
Last quarter, the average price of a 24-pack of 12 oz. beer went up nearly 8%, per NielsenIQ data that was cited by Bump Williams Consulting. AB InBev's brands saw some of the highest price increases.
Under its portfolio, the price of Bud Light went up 8.9% year-over-year in Q4, followed by Budweiser, up 8.7%, Stella Artois up 8.2%, and Michelob UItra, up 6.7%.
(Excerpt) Read more at news.yahoo.com ...
Good post—this is why I come here.
Local knowledge beats the “experts” every time.
The article is from last month, but expect them to use this theme as one of their coping mechanisms to explain the terrible beer sales that are coming.
The AB tranny marketing campaign was in the works before this article was published. Just sayin. Don’t put it past our media masters.
Not mentally ill? Do you know any man that would carry on this way, that would dress as a woman that you would not call mentally ill?
bttt
I noticed the Bud Light “seltzer” 12 pack was on sale for $10 at Walmart. Just out of curiosity I looked and no other seltzer was cheaper than $15. They are probably pushing sales to keep volume up during the blow back from their FUBAR marketing stunt.
That is exactly what I was thinking. Who is going to believe that BS? Ain’t gonna stop the Bud boycott.
Thanks for the propaganda Yahoo News.
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