Anheuser-Busch InBev continues to suffer from the boycott against its Bud Light brand nearly a year after its controversial partnership with transgender influencer Dylan Mulvaney.
Anheuser-Busch Inbev SA (BUD) Q4 2023 Earnings Call Transcript
Bud Light brewer Anheuser-Busch InBev (NYSE:BUD) managed to grow profits last year despite grappling with the effects of a boycott on its staple brand in the US. Reporting on Thursday, the world's lar
AB InBev's (BUD) Q4 results reflect gains from positive business trends on continued consumer demand, investment in its brands and accelerated digital transformation.
The beer brand is still suffering a year after its involvement with transgender influencer Dylan Mulvaney triggered a boycott.
Budweiser brewer Anheuser-Busch has reached a contract agreement with the Teamsters union that avoids a strike at its US plants.
Anheuser-Busch InBev raised its annual dividend by 9% on Thursday, though analysts warned investors may be disappointed by the absence of a new share buyback and worse-than-expected U.S. sales.
The world's biggest brewer saw annual revenue of $59.38 billion, up 7.8% but shy of analyst expectations.
Anheuser-Busch reached a tentative agreement with the Teamsters union a day before its single master contract for all 12 U.S. locations was set to expire on Feb. 29.
Anheuser-Busch Inbev and the Teamsters union said on Wednesday they have reached a 5-year tentative agreement that would avert a strike at the world's largest brewer's U.S. facilities.
The Fed's preferred inflation data for January come out on Thursday. Plus earnings reports from Zoom, Domino's Pizza, eBay, Monster, Salesforce, TJX, Paramount, and more.
AB InBev's (BUD) Q4 results are expected to reflect gains from pricing actions, ongoing premiumization, a strong brand portfolio and revenue management initiatives amid high costs.
Anheuser-Busch Inbev (BUD) closed at $62.85 in the latest trading session, marking a +0.98% move from the prior day.
The Teamsters union is striking at Molson Coors' Texas brewery and threatening to strike at all 12 U.S. Anheuser-Busch breweries as it remains locked in contract negotiations.
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