Bud Light Sales Decline, AB InBev Reports Better-Than-Expected Results

Bud Light sales decline continues, leading to a drop in Anheuser-Busch InBev's revenue per 100 liters. The brand's ongoing backlash against it has resulted in a significant decline in sales. Despite this, AB InBev reported better-than-expected quarterly results, with revenue rising 5% to $15.57 billion. However, Bud Light's loss of its spot as the top-selling U.S. beer due to a conservative-led boycott weighed on U.S. performance, causing revenue to drop 13.5% and EBITDA to plunge 29.3%. AB InBev also announced a $1 billion share buyback and approved a cash tender offer for up to $3 billion in outstanding bonds.