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WEKU
Alina Selyukh

Bud Light boycott takes fizz out of brewer's earnings

Bud Light's parent company, Anheuser-Busch, says sales and profits dropped in the U.S. between April and June. (Nam Y. Huh/AP)

Bud Light's parent company is confirming big losses in U.S. sales and profits from this spring's boycott and backlash as executives now assert that the drain has been stabilized.

Anheuser-Busch InBev says it lost $395 million in North American revenue between April and June as the beer maker's revenue in the U.S dipped 10.5% compared to last year.

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