Anheuser-Busch sales plummet in US amid Bud Light boycott
Anheuser-Busch revealed losses in an earnings release one week after imposing layoffs. Anheuser-Busch InBev, the world's largest beer maker, suffered a steep decline in revenue and profit in the U.S. over three months ending in June, demonstrating the financial wallop delivered by a consumer boycott of Bud Light in the wake of a product endorsement from a transgender influencer. The company's U.S. sales fell by more than 10% over the three months compared to the same period last year, according to the company's earnings report released on Thursday. Meanwhile, Anheuser-Busch's core profit in the U.S. fell by more than 28%, the fresh data showed. The drop-off in U.S. performance arose "primarily due to the volume decline of Bud Light," the earnings report said. The report arrives one week after Anheuser-Busch announced plans to lay off less than 2% of its employees, which amounts to roughly 380 workers. A sponsored endorsement from transgender influencer Dyl...