The backlash against Bud Light continues to create opportunities for competitors to succeed.
Bud Light notoriously used its marketing power and dollars to promote left-wing political propaganda with its beer cans.
The company produced special cans featuring transgender activist Dylan Mulvaney in order to celebrate the “transition” from male to female. (Trending: Renown Doctor Obliterates COVID Vaccine)
Modelo has become the top beer brand in America and unseated Bud Light for the throne in 2023 following the Anheuser-Busch brand’s decision to partner with Dylan Mulvaney.
It’s been on cruise control and the company’s growth doesn’t appear to be slowing down. The beer brand’s… pic.twitter.com/tSC29CLdyb
— OutKick (@Outkick) October 6, 2023
Constellation Brands, the maker of Modelo beer, continues to reap the benefits of the public relations nightmare.
“Our beer business this year delivered double-digit net sales and operating income growth,” Constellation Brands CEO Bill Newlands said.
“Modelo Especial continued to outperform the market as the top share gainer and solidified its position as the number one beer in U.S. tracked channels.”
The company expects to earn as much as $12.20 per share this year in profits.
Modelo Especial passed Bud Light as the No. 1 selling beer on a dollar basis in June. (Trending: Democrats Prioritize Illegals Over U.S. Military Veterans)
Modelo remains in the top spot.
Bud Light’sparent, Anheuser-Busch InBev, has seen its market cap drop from $134.55 billion in late March to $91 billion.
Shares are down 11% year-to-date.