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WIBC 9AM-Noon Podcast

Bud Light's parent company has lost $390 million since employing Dylan Mulvaney

WIBC 9AM-Noon Podcast

WIBC

News

4.61.2K Ratings

🗓️ 4 August 2023

⏱️ 8 minutes

🧾️ Download transcript

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Transcript

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0:00.0

Post millennial had a new article out about how much money Bud Light has lost or the parent company of Bud Light

0:06.8

since they employed Dylan Mulvaney and Ethan. We've talked about this many many times since the whole Dylan Mulvaney

0:13.8

debacle happened. They tried to pass it off on like this some rogue marketing agent. Oh, this woman

0:22.8

she made a big mistake and we didn't know and blah blah blah. There's no way is there no that

0:33.0

you would say I'm going to take a arguably the largest beer company in the country world whatever

0:40.1

and we're just going to go with a marketing strategy where we take a man who pretends to be a

0:46.1

little girl as our spokesperson and somebody just has the ability to do that that's in middle

0:52.3

management somewhere. Well, she she talked about that did high in her night on that podcast

0:58.6

where she basically said it was her job as the new marketing director vice president to rebrand

1:07.1

and shift the focus of Bud Light away from those fratty guys ended into something that was all

1:13.0

together more inclusive, you know, to stroke that DEI, you know, equity plan and get more loans

1:20.6

from from the banks. So so she is is there still the assertion that she just went on her own and

1:27.1

didn't have to I mean is is the people who own the parent company of Bud Light is AB in bed or they

1:33.2

so poorly run that some middle management person can just make this choice and destroy your brand.

1:38.9

It aligned it aligned with the philosophy of upper management. That's why she was allowed to get

1:43.6

away with it clearly. But I think she was the originator of the idea and you know, it was green

1:47.9

lit by the upper upper executives. This is a staggering number that I'm about to read numbers,

1:52.8

plural. So the second quarter earnings report for this AB in Bev, they reported a 10.5% drop in

2:00.6

revenue for its US market and a 28.2% drop in core profit. And it has lost $390 million dollars

2:15.7

since last year. But this is like the only thing that has gone this way. We've had other

2:21.8

boycotts, other brands that have dabbled in locism and it's never it's never caught on the same

2:29.5

way that the Bud Light boycott has. And if you want to direct one to one parallel,

...

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