Anheuser-Busch stock drops 20% as Bud Light sales struggle

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Anheuser-Busch stock drops 20% as Bud Light sales struggle
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'This was the result of one can. It was not made for production or sale to the general public,' Anheuser-Busch inBev CEO Michel Doukeris said.

Musician Kid Rock posted a video of himself shooting several Bud Light cans in protest of the beer's partnership, while model Bri Teresi posted a similar video and said,"I'm shooting at Honey Birdette lingerie, Tampax tampons & Budlight...These companies have all gone woke! Tampax tampons used a biological male to promote their tampons. Honey Birdette used a biological male to model their lingerie. & y'all know about Bud Light.

A stock image of beer left in plastic pint cups. On Wednesday, May 31, 2023, the stock price of Anheuser-Busch inBev fell by 20 percent over the past two months as calls to boycott Bud Light continue following a partnership with Dylan Mulvaney.in a statement that the company"works with hundreds of influencers across our brands as one of many ways to authentically connect with audiences across various demographics.

Bud Light CEO Brendan Whitworth also issued a statement on the controversy saying,"We never intended to be part of a discussion that divides people. We are in the business of bringing people together over a beer." Anheuser-Busch inBev CEO Michel Doukeris spoke to investors about the controversy and said that the company was"This was the result of one can. It was not made for production or sale to general public. It was one post, not a formal campaign or advertisement," Doukeris added.

In response to a drop in stock price, Bud Light has issued some new discounts for consumers including a $15 rebate prior to Memorial Day for purchasing a

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