Anheuser-Busch earnings will drop by 26% amid Bud Light controversy, analysts say

FILE - Bottles of Bud Light beer sit on a shelf at a grocery store on April 25, 2023, in Glenview, Ill. Bud Light's parent company said Thursday, May 4, that it will triple its marketing spending in the U.S. this summer as it tries to boost sales that plummeted after the brand partnered with a transgender influencer. (AP Photo/Nam Y. Huh, File)