Bud Light Giving LGBTQ Organization $200,000 in Donation

The Epoch Times Header

The company remains adamant in its support of LGBTQ-related events, despite nationwide boycotts and decline in sales numbers

Bud Light has announced that it intends to donate money to a cause supporting LGBTQ business ownersโ€”a decision coming at a time when the companyโ€™s sales are getting hammered from customers opposing a transgender agenda.

Bud Light will donate $200,000 to the National LGBT Chamber of Commerce (NGLCC) in support of the organizationโ€™s โ€œCommunities of Color Initiativeโ€ (CoCi), which aims to โ€œsupport the growth and success of minority LGBTQ+ owned businesses,โ€ the company said in a press release on May 30. Bud Light will also support NGLCCโ€™s CoCi Biz Pitch program, in which the winning LGBTQ business owner will receive $5,000.

The contribution comes after the popular beer brand recently triggered large-scale controversy due to using a transgender influencer, Dylan Mulvaney, in one of its campaigns last month. The promotion attracted intense criticism, with multiple conservative celebrities calling for boycotting the brand, which has driven down the parent company Anheuser Buschโ€™s stock price by 18.19 percent, with $23.87 billion lost in market valuation between April 3 and May 30.

โ€œBud Light was brewed to be an โ€˜Easy to Drink, Easy to Enjoyโ€™ beer for everyone 21-plus, and that still holds true today,โ€ said Anheuser-Busch. โ€œWe look forward to extending our work with the NGLCC to continue making a positive impact on the LGBTQ+ businesses that play a critical role in bringing people everywhere, together.โ€

Over the past two decades, Anheuser-Busch has contributed over $13 million to local and national nonprofit organizations committed to advocating for LGBTQ.

Crashing Sales

According to data analyzed by Newsweek, in the first four weeks of Bud Lightโ€™s controversy until April 29, the beer companyโ€™s sales dropped by 17.2 percent and volumes fell by 21.4 percent compared to the year-ago period. In the four weeks ended May 20, sales revenue dropped by 24.3 percent.

Byย Naveen Athrappully

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Beijing and Moscow Double Down on Propping Up Tehran, Threaten to Give It Nukes

As anyone who understands how these things unfold could...

The Looming Threat To Our Homeland

After success of โ€œOperation Midnight Hammer,โ€ where U.S. military bombed Iranian nuclear facilities, the threat to America has never been greater.

Trumpโ€™s Bold Strike on Iran: A Necessary Move for Global Securityย 

Trumpโ€™s airstrikes on Iranโ€™s nuclear facilities have been hailed as a courageous and necessary action to safeguard American interests and global stability.

Groundhog Day came late this year to the Land of Smiles.

itโ€™s the same rigmarole, on whatever pretext, the army commandeers the Thai state with vague promises to restore democracy at some unspecified future date.

Resource number one

Russia has an unsustainable birthrate worsened by mortality rate of Russian males through war and alcoholism. One solution, steal young children from other countries.ย 

Boeing, FAA Share Blame for Door Panel Flying Off During Alaska Airlines Flight: NTSB

The sudden midair door panel blowout on Alaska Airlines flight last year stemmed from failures by Boeing, its supplier Spirit AeroSystems, and the FAA.

RFK Jr. Says Pregnant Women Can Get COVID-19 Vaccine If They Choose To

Pregnant women can get COVID-19 vaccines, even after CDC stopped recommending shots during pregnancy, Sec. RFK, Jr. told members of Congress.

Texas Governor Signs Law Requiring Warning Labels on Some Foods

Texas is requiring companies to add warning labels to some foods, under the Texas MAHA legislation bill signed into law by Gov. Greg Abbott.

21.8 Million US Seniors Paying for Expenses With Only Social Security Income: Survey

An estimated 21.8 million senior citizens in America make ends meet solely using their social security funds, The Senior Citizens League (TSCL) said.

Trump Arrives in Netherlands for NATO Summit, With Defense Spending High on Agenda

President Donald Trump arrived in Amsterdam on Tuesday to attend the NATO summit, which is being held in The Hague from June 24 to 25.

Major Victory for Trump Administration and the American People on Deporting Criminal Illegal Aliens to Third Countries

Supreme Court decision allows DHS to deport criminal illegal aliens who are not wanted in their home country to third countries who've agreed to accept them.

No Changes Planned for FDAโ€™s Vaccine Advisory Committee โ€˜At This Timeโ€™: Spokesperson

There are no plans to remove any members of the panel that advises the FDA on vaccines, a spokesperson said on June 20.

Trump Says Trade Deals Expected With India and Pakistan

President Trump expects US will sign trade deals with India and Pakistan, signaling growing momentum in push to reshape global trade through tariff diplomacy.
spot_img

Related Articles