Why did Anheuser-Busch InBev stock drop 20 percent?

Anheuser-Busch inBev has seen a stock price decline of roughly 20 percent over the past two months, as sales of Bud Light continue to struggle following the beer brand's one-can partnership with Dylan Mulvaney, a transgender influencer and activist.

What happened to Anheuser-Busch InBev (Bud)?

The U.S.-listed shares of Anheuser-Busch InBev S.A. BUD, +0.04% dropped 1.3% in afternoon trading, which puts them on track for a fourth-straight loss and a six-month low. The Belgium-based beer brewer’s stock has also tumbled 12.46% in May, which would put it on course to suffer the worst monthly performance since it dropped 12.54% in July 2021.

Did Anheuser-Busch sell Bud Light?

Parent company Anheuser-Busch InBev (ABI) sold $71.5 million worth of Bud Light in the week ending April 29, a 23% drop compared to a year ago, according to data from Bump Williams Consulting. Budweiser sales totaled $31.5 million that same week, down roughly 11%, the firm said.