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Fortune
Fortune
Chris Morris

Bud Light slips to No. 3 in the US—and we can thank Leonard Leo

(Credit: Natalie Behring/Getty Images)

Bud Light is still feeling the effects of the boycott that followed its association with a transgender influencer.

The beer brand, which used to top the sales charts, has slipped to the third best-selling beer, as Michelob Ultra has surpassed it to claim the number two spot. Modelo Especial, which overtook Bud Light when the boycotts began, remains the best-selling beer in the U.S.

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