Posted on 06/30/2023 4:24:40 AM PDT by Cronos
During an interview with CBS Mornings this week, Anheuser-Busch Brendan Whitworth opened up about the controversy, admitting that “the conversation has become divisive.” ... While Whitworth did not give a clear answer on whether or not he would have partnered with Mulvaney in retrospect, he did make it clear that Bud Light will continue to support the LGBTQ community.
“Bud Light has supported the LGBTQ since 1998, so that’s 25 years. And as we’ve said from the beginning, we’ll continue to support the communities and organizations that we’ve supported for decades,” he said. “But as we move forward, you know, we want to focus on what we do best, which is brewing great beer for everyone. Listening to our consumers, being humble and listening to them, making sure that we do right by our employees, take care of and support our partners, and ultimately make an impact in the communities that we serve.”
(Excerpt) Read more at msn.com ...
It is too late to apologize.
And they are doubling down on stupid.
I would guess that by year end we'd see profits down 80% and volumes down 50 to 70%
Continue to destroy woke, criminal, biased and racist companies, folks. Gillette, netflix, AB, starbucks, target, kohls, amazon and on and on.
InBev will eat the losses, they have all of Wall Street behind them.
When Dylan Mulvaney whines about tranny treatment, Budweiser comes to the rescue again.
BudLight management doubles down. “Our beer is trans.”
They’ve probably gotten an infusion of cash from people who don’t drink beer but LOVE lgbt, to offset the sales losses.
Because the point of corporations is not to sell your product dontcha know! It’s to support leftist causes.
They know Americans will NOT stop drinking beer. It is not a life essential, but when people drink enough, they’ll do a lot of things they wouldn’t otherwise. When I was in college, guys really liked to be around women who got drunk. In-Bev knows that so they spit in peoples’ faces and they keep coming back for more. It is a simple as that. If people would stop drinking beer for a long period of time, the company would change its policy.
Everything is binary now days in a supposed non-binary world. Support of this means disposing of that. Busch can’t find the middle on this one because of trying to “remake” their brand as inclusive by wanting to “remake” their current customers to be inclusive. Oh, for the good ole days when you could support more than one thing at a time. lol
With libs, it is always about “the conversation.” It’s a favorite weak fallback for those who have nothing good or beneficial to say.
What “conversation” should we have? By all means, let’s converse about a grown man prancing around like what he thinks a 12 year old girl should be. Let’s converse about how that mocks and denigrates women. Let’s converse about these freaks grooming and coming after children.
Unfortunately for them, there are plenty of other beers Americans can continue to drink while avoiding theirs.
They can keep talking..
Actions speak louder than words.. I’ll just skip ever buying an product from InBev, the worlds largest manufacturer of tyranny fluid.
Plenty of other options on the market.
That is, at best 5% of the U.S population. Probably less. That’s diminishing returns and no way to build long term sales or brand loyalty.
CC
People might like to drink alcohol, but not necessarily that brand, or that type of alcohol. It is amazing that this took off the way it did; if it was an organized boycott, it probably would have slowed down by now or the organizers might have been bought off. This is more like the weather; you can talk about it, or complain about it, but you can’t really change what will happen tomorrow.
When you are failing, double down on the source of failure. What appears to be little understood is the relationship between most industrial enterprises and financial institutions. These requirements, that certain policies relating to equity, social and governance aspects, are slipped into financial assistance like loans and issuance of debentures on relatively short-to-midterm basis.
Entities like BlackRock are among the world’s leading providers of investment, advisory and risk management solutions. They are fiduciaries to their clients, and as such, have a much more intimate knowledge of the internal operations of the industrial entity.
These holders of debentures and loans have an unusual amount of leverage over the policies and business practices of these clients, and that is why the CEOs of these enterprises seem to be working in direct contradiction to the will of the stockholders and the executive board.
Malefactors of great wealth, indeed.
While they are kind of doing it now, I expect to hear calls of transphobia against those who do not drink Bud Light. Even those beer drinkers where Bud Light was not their brew of choice.
https://en.wikipedia.org/wiki/AB_InBev_brands
“In 2013, Constellation acquired Grupo Modelo’s US beer business from Anheuser-Busch InBev. The transaction included full ownership of Crown Imports LLC which provided Constellation with complete, independent control of all aspects of the US commercial business; a brewery in Mexico; exclusive perpetual brand license in the US to import, market and sell Corona and the Modelo brands and the freedom to develop brand extensions and innovations for the US market. Constellation had formerly imported Corona and other Modelo brands to the United States and acquired the US rights to those brands as a part of an anti-trust settlement permitting Modelo’s acquisition by Anheuser-Busch InBev. It now produces its own versions of those products for the US, with Modelo serving all other countries. In 2014, Constellation finalized a joint venture with Owens-Illinois and completed the acquisition of Anheuser-Busch InBev’s glass production plant, located adjacent to the company’s brewery in Nava, Mexico.”
https://en.wikipedia.org/wiki/Constellation_Brands
At first, I wondered what alcohol had to do with LGBT-QWERTY+-÷×=/!@#$%&* perversion, and then I realized it has a lot to do with it. Transheuser-Busch is continuing on with its woke strategy.
AB InBev stock is way down (and still heading south), so investors don't agree with whatever investment bankers and analysts might think.
“The conversation has become divisive” is usually only mentioned when they’re losing the argument. They’re very childish.
CC
Meanwhile, stock shills like “Seeking Alpha” are predicting earnings will be UP for 2nd Quarter. I think the big institutionals are paying them off to promote the stock before the Aug 3 earnings report, so they can dump.
https://seekingalpha.com/symbol/BUD/earnings
https://www.tipranks.com/stocks/bud/earnings
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