The news keeps getting worse for Anheuser-Busch's Bud Light.
Beer Business Daily reported Sunday that sales of the iconic beer brand are down more than 26% from this time last year, the Daily Mail reported. Anheuser-Busch has continued to see profits from Bud Light dwindle after its promotional partnership with transgender influencer Dylan Mulvaney backfired.
Anheuser-Busch gave Mulvaney, who has more than 10 million followers on TikTok and nearly 2 million on Instagram, custom-made cans of Bud Light with her likeness printed on the side, which she displayed during a video of her taking a bubble bath on April 1.
Fans of the beer brand called for boycotts, celebrities such as Kid Rock and Travis Tritt expressed their displeasure and Bud Light lost nearly $5 billion worth of market share. Also, Bud Light's vice president of marketing, Alissa Heinerscheid, who green-lighted the Mulvaney promotion, and Daniel Blake, who runs marketing for Anheuser-Busch's brands, have since taken leaves of absence.
Beer Business Daily reported the amount of Bud Light sold outside of restaurants and bars fell by 26.1% from a year earlier in the week that ended April 22, according to the Daily Mail. Sales were down 21.1% over the previous week and Bud Light volumes are down 8% this year.
Meanwhile, Coors Light's volume was up 13.3% and Miller Lite's rose 13.6% for the same time period.
"The shocking deterioration of Bud Light Blue's market share continued apace through the third week of April — and actually somehow worsened. We've never seen such a dramatic shift in national share in such a short period of time," Beer Business Daily wrote on its website, according to the Daily Mail.
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