Anheuser-Busch InBev CEO: Bud Light sales are stable

Yahoo Finance11-13

Anheuser-Busch InBev (BUD) CEO Michel Doukeris says emphatically the business of Bud Light is getting back to normal after being thrust into the political sphere a year ahead of the presidential ...

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Anheuser-Busch InBev shares are down 3% over the past year, according to Yahoo Finance data, underperforming the S&P 500","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BUD":"百威英博","BUDFF":"Anheuser Busch Inbev SA NV","KO":"可口可乐","TAP":"莫库酒业","PEP":"百事可乐","KDP":"Keurig Dr Pepper Inc","DEO":"帝亚吉欧","SAM":"波斯顿啤酒"},"translate_title":"百威英博首席执行官：百威淡啤销售稳定","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BUD":0.9,"BUDFF":0.9,"DEO":0.9,"KDP":0.9,"KO":0.9,"PEP":0.9,"SAM":0.9,"TAP":0.9},"content_text":"Anheuser-Busch InBev (BUD) CEO Michel Doukeris says emphatically the business of Bud Light is getting back to normal after being thrust into the political sphere a year ahead of the presidential election. \n\"Today the business [Bud Light] is stable,\" Doukeris said at the Yahoo Finance Invest conference on Tuesday. \n\"We had a little bit of everything from people being threatened on the streets, a lot of things being told about the company,\" Doukeris recalled of the tumultuous period. \"At the end of the day, as things settle and the communication continues to flow, people really understand who we are — and who we are in the United States is a company that is here for over 100 years, based in the US, employing American people, sourcing most of the ingredients from American farmers ... 20,000 employees that we employ directly in the US, over 50,000 if we include our wholesalers.\"\nDoukeris is trying to turn the corner from a challenging 12 months.\nThe company's famed Bud Light brand came under fire in April 2023 after partnering with transgender influencer Dylan Mulvaney to create a promotional Instagram post during the March Madness basketball tournament.\nCountry musician Kid Rock — among others — ignited a boycott, which was then adopted by many on the right. Bud Light saw stunning sales drops for months after the incident. \nWhile demand has since stabilized, the team at beer industry researcher Bump Williams Consulting tells Yahoo Finance that year-to-date trends remain in decline. \nThe domestic premium light beer category, however, is under pressure overall, according to the firm's data. The category — which includes Bud Light, Miller Lite, and Coors Light — has seen sales drop 6% year to date. Volume is off by 8% as consumers continue to shift to spirits, hard seltzers, and nonalcoholic beers.\nAnheuser-Busch InBev shares are down 3% over the past year, according to Yahoo Finance data, underperforming the S&P 500's 37% gain. Molson Coors shares are up slightly, while Boston Beer is down by 10%.\n\nTo ignite the business and stock price, Doukeris has leaned into nonalcoholic beers such as Corona Cero, premium hard seltzer Nutrl, and cost efficiencies. \nWhile total third quarter volumes fell 2.4%, total sales advanced 2.1%. Operating profit margins improved 169 basis points year over year to 36%. Earnings per share increased 14% from the prior year. \nThe company guided to full-year operating profit growth of 6% to 8%. It also announced a new $2 billion stock buyback plan. \n\"Anheuser-Busch InBev is on the right track and represents an attractive long-term holding. Commercial momentum and share trends remain positive in key markets, with the U.S. starting to see benefits from lapping the Bud Light controversy and its premiumization push,\" Evercore ISI analyst Robert Ottenstein said in a client note. \nOttenstein rates Anheuser-Busch InBev shares at Outperform.\nThree times each week, I field insight-filled conversations with the biggest names in business and markets on Opening Bid. Find more episodes on our video hub. Watch on your preferred streaming service. Or listen and subscribe on Apple Podcasts, Spotify, or wherever you find your favorite podcasts.\nBrian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi on X @BrianSozzi and on LinkedIn. Tips on deals, mergers, activist situations, or anything else? Email brian.sozzi@yahoofinance.com.\nClick here for in-depth analysis of the latest stock market news and events moving stock prices\nRead the latest financial and business news from Yahoo Finance","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483066657"}