Business
business

Bud Light in one chart: A terrible, horrible, no good, very bad year

Bud Light, which was the most popular beer in the US less than two years ago, now sits in third place. 

The American beer brand took a big hit in April 2023, after it partnered with a transgender social media influencer, Dylan Mulvaney. Conservative consumers launched a boycott that pushed its market share below Modelo Especial (a Mexican beer licensed in the US by Constellation Brands) in just a few months. 

As of this summer, Bud Light has also fallen behind its sister brand Michelob Ultra, according to Nielsen IQ market data analyzed by the consulting firm Bump Williams. Both beers are owned by Anheuser-Busch InBev.

While the boycott may have pushed Bud Light over the edge, consumer trends were already trending away from domestic brews.

Americans are also generally drinking less beer than they used to, and are increasingly preferring lighter brews and imports. In May, the US imported more than 125.3 million barrels of beer, up 9% from last year, according to US Department of Commerce data compiled by the Brewers Association.

While the boycott may have pushed Bud Light over the edge, consumer trends were already trending away from domestic brews.

Americans are also generally drinking less beer than they used to, and are increasingly preferring lighter brews and imports. In May, the US imported more than 125.3 million barrels of beer, up 9% from last year, according to US Department of Commerce data compiled by the Brewers Association.

More Business

See all Business
Ford Announces Plans For New Electric-Vehicle Battery Plant

Ford’s leaving the door open for a Chinese automaker collaboration, says RBC

US lawmakers have raced to introduce legislation to lock in restrictions on cheaper Chinese vehicles and parts ahead of the Trump-Xi meeting in May.

Airlines Cut Flights As Concerns Grow Over Jet Fuel Prices And Shortages

The 6 biggest US airlines spent $1.2 billion more on fuel in Q1, and things are about to get worse

Carriers expect to pay about $4.26 per gallon for jet fuel in Q2, up from $2.80 in Q1.

what3words

What3words is a simple and genius idea with one of the worst business models of all time

What3words is crowdfunding for new shareholders... and seeking exits for current ones.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Derivatives, LLC, or Robinhood Money, LLC. Futures and event contracts are offered through Robinhood Derivatives, LLC.