Last year, the Human Rights Campaign Foundation gave Bud Light parent company Anheuser-Busch a top rating for LGBTQ+ equality.
Bud Light’s sponsorship of an April 1 Instagram post by Mulvaney set off a firestorm of anti-trans backlash and calls for a boycott.
Bud Light sales dropped in the ensuing weeks.
Kid Rock shoots cases of Bud Light in response to transgender activist's post 01:40 - Source: CNN Business.
But Bud Light hasn’t gotten the benefit of support for its initial deal with Mulvaney because of its subsequent reaction.
Shares of Anheuser-Busch InBev (BUD), the owner of Anheuser-Busch, have fallen about 11% since March 31.
During the discussion, he mentioned that Bud Light is just one brand within the company’s broad portfolio, which has not changed its full-year outlook. »