Bud Light sales down nearly 30% compared to 2022 after partnership with transgender influencer
Sales volume of Bud Light dropped 29.5% in week ending May 20
Bud Light boycott causing spike in sales of major beer competitors
FOX Business’ Lydia Hu reports on the fallout from Bud Light’s controversial partnership with transgender influencer Dylan Mulvaney.
Bud Light sales are down nearly 30% compared to last year after a boycott in response to its partnership with a transgender influencer, according to a report.
The sales volume of Bud Light dropped 29.5% in the week ending May 20 as compared to the same period last year, according to data provided to Newsweek by Bump Williams Consulting and Nielsen IQ. This data showed the sales revenue drop 25.7% in the same period.
Bud Light sales dropped nearly 30% from last year after a boycott in response to its partnership with transgender influencer Dylan Mulvaney, according to a report.
Anheuser-Busch, Bud Light's parent company, has struggled financially amid boycotts after it partnered with Dylan Mulvaney, a transgender influencer, to celebrate "365 days of girlhood." Bud Light sent customized Bud Light cans to Mulvaney that portrayed the influencer's face.
The nearly 30% drop marks another increase in losses week to week since the boycott gained traction in April. Bud Light sales dropped 28.4% from last year for the week ending May 13.
Bud Light lost 24% of its sales and Budweiser fell 10.5% in the four weeks ending May 20, according to the data.
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Anheuser-Busch, Bud Light's parent company, has struggled financially amid boycotts after it partnered with Dylan Mulvaney, a transgender influencer, to celebrate "365 days of girlhood." (Instagram/Fox News / Fox News)
Anheuser-Busch has struggled with losses from its other products as well, such as Michelob Ultra, which fell 6.8% for the week ending May 13. Its competitors, such as Coors Light and Miller Lite, have seen sales increases of 16.9% and 15.1% over the same period.
Bud Light attempted to boost sales ahead of Memorial Day weekend as it launched a promotional rebate that included an amount "equivalent to the purchase price of one (1) 15-pack or larger, up to $15" of Bud Light or other products, essentially making them free.
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Bud Light lost 24% of its sales and Budweiser 10.5% in the four weeks ending May 20. (Roberto Machado Noa/LightRocket via Getty Images / Getty Images)
Brendan Whitworth, CEO of Anheuser-Busch, released a statement in April to address the boycott but did not take a hard stance on whether it's partnership with Mulvaney was a mistake.
"We never intended to be part of a discussion that divides people," Whitworth said. "We are in the business of bringing people together over a beer."
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The company placed two employees on leave who were involved with the decision to partner with Mulvaney: Alissa Heinerscheid, vice president of marketing for Bud Light, and Daniel Blake, Budweiser's group vice president for marketing. The decision to put them on leave "wasn't voluntary," the Wall Street Journal reported.