Anheuser-Busch Loses $395 Million as It Lays Off Hundreds of Workers

SHARE
TWEET
Anheuser-Busch Loses $395 Million as It Lays Off Hundreds of Workers

Anheuser-Busch, the beverage company that used trans activist Dylan Mulvaney as its spokesperson for Bud Light earlier this year, has laid off hundreds of US workers as it reported a $395 Million in its second quarter.

Anheuser-Busch has been suffering declining sales since its ‘woke’ marketing disaster, and things will not recover.

The former executive Alissa Heinerscheid’s decision to isolate its beer-drinking customers could be arguably the worst marketing decision in Us history.

This week, Anheuser-Busch released its quarterly numbers showing it had lost 395 million in the second quarter and 10% of its sales as it gets rid of a large chunk of its workers.

Meanwhile, Coors is enjoying a $47 million increase in sales in the second quarter.

AS CNN reported, the company has sought to limit the damage to its brand, offering financial support to its wholesalers from June through December. On Thursday, it said its share of the US beer market fell during the second quarter, though its position had stabilized between late April and June.

“The team in the US [is] working hard to build it back and to earn back consumers,” Doukeris said during a Thursday analyst call discussing second quarter results.

Brian Brenberg reproted:

“We’re getting the first earnings report since the company’s controversy began. Anheuser Bush is taking a $395,000,000 hit in us. Sales are down more than 10% compared to last year’s period. Here’s why Bud’s not winning back. Customer goodwill and competitors are pouncing. Coors Light and Miller Light are now outselling buds by 50%.

Bud Light’s big asset, of course, wasn’t its beer, but the brand had built for decades. People drank bud light because they liked the bud light brand. And all of that has changed. Coors seeing profits. Soar now $342,000,000 in net income for the second quarter. That’s a huge increase from last year. But what’s fascinating is customers who left bud light don’t seem to be looking back.”

READ: Trump Delivers EPIC 3-Word Response to Anheuser-Busch over Bud Light Boycott

NOTICE: Our comment section is currently disabled due to malicious attacks preventing our readers being able to comment properly. We are in the process are implementing a new system which will be live soon! Sorry for any inconvenience!

SHARE
TWEET
Telegram
Email
Reddit
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Breaking

Trending

Elon Musk Warns Democrats Are Making it Near 'Impossible' to Prove Voter Fraud
Elon Musk Warns Democrats Are Making it Near 'Impossible' to Prove Voter Fraud
Elon Musk posted a series of Tweets on his platform X in which he called for election integrity while...
JD Vance Destroys NBC Host When Asked if Trump Will Weaponize DOJ if Elected
JD Vance Destroys NBC Host When Asked if Trump Will Weaponize DOJ if Elected
Senator JD Vance flipped the tables on NBC’s “Meet The Press” host Kristen Welker after...
Rachel Maddow's 'False Reporting' to Cost MSNBC $30 Million
Rachel Maddow's 'False Reporting' to Cost MSNBC $30 Million
MSNBC anchor Rachel Maddow could cost the network a whopping $30 million after making “false”...
Elon Musk Warns Democrats Are Preparing to Use Non-Citizen Votes to Steal Election
Elon Musk Warns Democrats Are Preparing to Use Non-Citizen Votes to Steal Election
Billionaire Elon Musk issued a stark warning that Democrats are planning to steal more federal elections...
Democrat Insiders Sound Alarm on 2024 Election: 'Sh*t Is Going to Hit the Fan'
Democrat Insiders Sound Alarm on 2024 Election: 'Sh*t Is Going to Hit the Fan'
Following Joe Biden‘s catastrophic debate performance last week, Democrats remain in a state of...
Biden's Own Physician Rushes to Do Damage Control after Parkinson's Specialist's Multiple Visits to White House
Biden's Own Physician Rushes to Do Damage Control after Parkinson's Specialist's Multiple Visits to White House
Following reports that a Parkinson’s specialist visited the White House eight times within eight...
Klaus Schwab: Humanity Must Be 'Forced into Collaboration' with Elites
Klaus Schwab: Humanity Must Be 'Forced into Collaboration' with Elites
World Economic Forum founder Klaus Schwab told attendees at a conference in China that humanity needs...
Biden 'Ruined' NATO Summit with Unforgivable Gaffe, European Officials Say
Biden 'Ruined' NATO Summit with Unforgivable Gaffe, European Officials Say
Joe Biden‘s embarrassing gaffe where he called Ukraine leader Volodymyr Zelensky “President...
Rolling Stones' Mick Jagger Praises Justin Trudeau during Concert, Instantly Regrets It
Rolling Stones' Mick Jagger Praises Justin Trudeau during Concert, Instantly Regrets It
Establishment rockstars are increasingly out of touch with the normal working man, and Rolling Stones...
Former Obama Advisor Admits Biden 'Likely to Lose Election by a Landslide'
Former Obama Advisor Admits Biden 'Likely to Lose Election by a Landslide'
Former Obama adviser David Axelrod has called on President Joe Biden to drop out of the race or risk...
0
What are your thoughts? Click to commentx
()
x

JOIN THE FIGHT!

SIGN UP FOR OUR FREE BREAKING NEWSLETTER STRAIGHT TO YOUR INBOX! 

We don’t spam! Read our Privacy Policy for more info.