Anheuser-Busch InBev Sales Drop Amid Boycott, Announces Share Buyback

United States of America
Anheuser-Busch InBev reported a 2.3% decline in sales in the US
Despite the drop in sales, the company's shares rose after it announced a share buyback program and beat earnings expectations
The company announced a $1 billion share buyback program
The company's earnings per share were $0.63
The company's total revenue for the third quarter was $13.28 billion
The decline is attributed to a boycott following a controversial Super Bowl advertisement

Anheuser-Busch InBev, the parent company of Bud Light, has reported a significant drop in sales in the United States. The company's third-quarter earnings report revealed a 2.3% decline in sales, which was more than the expected 1.5% drop. This decline is attributed to a boycott of the company's products in the US, following a controversial advertisement aired during the Super Bowl. Despite the drop in sales, the company's shares rose after it announced a share buyback program and beat earnings expectations. The company's total revenue for the third quarter was $13.28 billion, slightly above the expected $13.27 billion. The company's earnings per share were $0.63, beating the expected $0.61. The company also announced a $1 billion share buyback program, which is expected to be completed by the end of 2024.

Confidence

95%

Doubts
  • The exact reason for the boycott was not specified in the articles

Sources

91%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Bud Light parent Anheuser-Busch InBev's sales tumble further in US

Fox Business Network Tuesday, 31 October 2023 08:00
  • Unique Points
    • The company's shares, which have fallen 20% this year, were down 1.5% in premarket trading.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (90%)
    • The article seems to emphasize the negative impact of the boycott on Anheuser-Busch InBev's sales, which could indicate a slight bias.
    • Site Conflicts Of Interest (80%)
      • Fox Business is owned by Fox Corporation, which is known for its conservative political bias. This could potentially influence the way they report on business and market news.
      • Author Conflicts Of Interest (100%)
        None Found At Time Of Publication

      92%

      The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
      (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

      A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

      Bud Light's parent company Anheuser-Busch InBev sees sales drop

      CNN News Site: In-Depth Reporting and Analysis with Some Financial Conflicts and Sensational Language Paul R. Tuesday, 31 October 2023 07:00
      • Unique Points
        • The company's stock rose slightly in early trading Monday despite the sales drop.
      • Accuracy
        No Contradictions at Time Of Publication
      • Deception (100%)
        None Found At Time Of Publication
      • Fallacies (100%)
        None Found At Time Of Publication
      • Bias (95%)
        None Found At Time Of Publication
      • Site Conflicts Of Interest (75%)
        • CNN is owned by WarnerMedia News & Sports, a division of AT&T's WarnerMedia. AT&T is a major multinational conglomerate with various business interests, which could potentially influence CNN's reporting.
        • Author Conflicts Of Interest (100%)
          None Found At Time Of Publication

        95%

        The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
        (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

        A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

        Anheuser-Busch InBev reports 3Q earnings

        The Associated Press News Tuesday, 31 October 2023 06:00
        • Unique Points
          • The company reported a profit of $1.02 billion, or 51 cents per share.
        • Accuracy
          No Contradictions at Time Of Publication
        • Deception (100%)
          None Found At Time Of Publication
        • Fallacies (100%)
          None Found At Time Of Publication
        • Bias (100%)
          None Found At Time Of Publication
        • Site Conflicts Of Interest (85%)
          • The Associated Press (AP) is a nonprofit news organization. It is funded by its newspaper and broadcast members, which could potentially influence its reporting.
          • Author Conflicts Of Interest (100%)
            None Found At Time Of Publication

          93%

          The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
          (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

          A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

          AB InBev Shares Rise After Announcing Buyback and Earnings Beat as Boycott Hurts Sales

          Investopedia Matthew Johnston Tuesday, 31 October 2023 05:00
          • Unique Points
            • The company announced a $1 billion share buyback program.
          • Accuracy
            No Contradictions at Time Of Publication
          • Deception (100%)
            None Found At Time Of Publication
          • Fallacies (100%)
            None Found At Time Of Publication
          • Bias (95%)
            • The article seems to focus more on the positive aspects of the earnings report, which could indicate a slight bias.
            • Site Conflicts Of Interest (80%)
              • Investopedia is owned by Dotdash, a digital media company that also owns a number of other online properties. Dotdash's various business interests could potentially influence Investopedia's reporting.
              • Author Conflicts Of Interest (100%)
                None Found At Time Of Publication