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Yahoo
13-05-2025
- Business
- Yahoo
Anheuser-Busch invests $300M in US manufacturing amid beer optimism
This story was originally published on Food Dive. To receive daily news and insights, subscribe to our free daily Food Dive newsletter. Anheuser-Busch announced it will spend $300 million on boosting manufacturing jobs at its U.S. facilities in 2025 through technology advancements and worker training programs. The investment builds on $2 billion that Anheuser-Busch spent over the past five years to enhance its U.S. operations. The latest $300 million will go toward technical training programs to upskill the workforce. The announcement comes as the company gained volume share in the struggling beer category in its most recent quarter, including for brands like Michelob Ultra and Busch Light. Anheuser-Busch is also seeing strengthening momentum for RTD canned cocktails including its Nütrl and Cutwater brands, according to the company's earnings report last week. Despite warning signs about the state of U.S. beer consumption, Anheuser-Busch is investing heavily in its manufacturing capabilities to fuel growth in the coming years. On the company's quarterly earnings call last week, CEO Michel Doukeris told investors that consumers remain cautious amid economic uncertainty, but underscored the company's faith in the beer category. 'What we see is that beer is more resilient than some other categories. And of course, it's an everyday affordable category,' Doukeris said. 'Our brands grew and grew the equivalent of 6 million consumers within the last quarter.' Anheuser-Busch's earnings report painted a mixed picture with a 6.4% decline in volumes in the first quarter of this year, which the company attributed to bad weather in the winter months. The brewer's revenues in North America declined 4.7% in the quarter. Industry-wide beer volumes declined 6% in February, Anheuser-Busch said, citing Circana data. Despite the dip, which took place amid a larger decline in consumer alcohol consumption, Anheuser-Busch remains confident that it can grow beer sales, particularly among adults nearing their 30s, including younger millennials and older Gen-Zers. When asked about declining sales of beer among younger consumers, Doukeris noted the 'COVID generation' is evolving at a different pace than previous cohorts did when they reached drinking age. He said people that are now 24 and 25 years old are catching up on the behaviors they missed out on, like going to musical festivals and sporting events. 'Participation is stronger in the older cohorts because people are … going out more often, spending more money,' Doukeris said. While the brewer works to regain market share in the traditional alcohol segment, it's seeing substantial growth among its nonalcoholic offerings. Revenue of nonalcoholic beer grew 34% in the first quarter of 2025, with Doukeris pointing to strong sales of Michelob Ultra Zero in the U.S. since its launch last fall. The CEO said the company is focused on expanding products viewed as healthier — including zero sugar, low-carb and nonalcoholic drinks — in order to make its beverages resonate more widely. Anheuser-Busch is emphasizing its U.S. production as the Trump administration institutes wide-ranging tariffs in an effort to push companies to reshore domestic manufacturing. On the earnings call, Doukeris told investors the company will see minimal exposure to tariffs, due to 99% of its volumes being locally produced. The beer giant has looked to play up its U.S. roots, particularly after a boycott of Bud Light among conservatives caused sales to tank. In 2024, Anheuser-Busch debuted bottles and cans with 'U.S. Farmed' labels for brands like Busch Light. Recommended Reading Anheuser-Busch invests $16M in facility to boost drinks 'beyond beer' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Anheuser-Busch InBev to $300m in US manufacturing sites
Anheuser-Busch InBev has unveiled plans to invest $300m in its manufacturing operations across the US this year. In a statement, AB InBev, which owns brands including Michelob Ultra, Busch Light, and Bud Light brands, told Just Drinks that investment will be distributed across its facilities in the US. Without disclosing the amount of investment each facility would see, it said the new capital 'will be used to continue to enhance operations, advance technology, and meet evolving consumer demand'. AB InBev said it has allocated nearly $2bn to its 100 facilities across the US in the last five years. When asked why the company is investing this sum across its facilities now, the brewing major said: 'Investing in our US facilities is crucial to our long-term strategy and commitment to American manufacturing. 'By modernising operations and enhancing technical training, we future-proof our business, ensure the sustainability of American jobs, and position ourselves to meet future market demands while maintaining leadership in the brewing industry.' AB InBev's investment in local operations also coincides with the new tariffs imposed by the US government on the goods entering the country. US Secretary of Labor Lori Chavez-DeRemer said: 'Anheuser-Busch has been a shining example of what 'Made in America' means, and their latest investment of $300m builds on their longtime commitment to grow our workforce and expand US manufacturing. 'They are demonstrating exactly what it means to put American workers first, setting a standard for other companies to follow." In the first quarter of 2025, AB InBev reported group revenue of $13.62bn, a 6.3% decrease compared to last year. The company's normalised EBIT declined 1.5% to $3.58bn but profit for the period surged 71.31% $2.54bn. In the three months, AB InBev's US revenue dropped 5.1%, though its revenue per hectolitre rose 1.7% due to revenue management and premiumisation, the group said. Sales-to-retailers decreased by 5.4%. AB InBev said those sales were "estimated to have outperformed the industry" but were "negatively impacted by adverse weather and Easter shipment phasing". Sales-to-wholesalers declined by 6.7%, impacted by one less selling day versus the first quarter of 2024. EBITDA declined by 1.7% "Our beer portfolio was led by Michelob Ultra and Busch Light, which were the number one 1 and number two 2 volume share gainers in the industry respectively, while our RTD portfolio delivered strong double-digit volume growth, led by Cutwater and Nütrl," it added. In a note to clients today, Robert Moskow, an equity analyst covering AB InBev for US investment bank TD Cowen, said: "Management says they will increase marketing spending in the US to fuel their 'momentum' while also touting $300m of capital projects. "The materiality of the increase is a little vague, as is the motive. It's quite possible that they are simply trying to keep volume from further declining in an increasingly challenged US beer category. However, we view the announcement as a net positive for the competitiveness of their US beer business and the brands that will get the support." "Anheuser-Busch InBev to $300m in US manufacturing sites" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
New York Post
12-05-2025
- Business
- New York Post
Anheuser-Busch to invest $300 million for vets and jobs as beer-maker goes all-in on ‘Made in America'
Anheuser-Busch is planning to invest $300 million in its facilities across the U.S. It's a move the beer-maker said will bolster manufacturing jobs across the United States while also supporting veterans who are pursuing manufacturing careers. Advertisement 'This new $300 million investment in our manufacturing facilities across the U.S. is the latest example of Anheuser-Busch's commitment to strengthening our local communities by creating and sustaining jobs and driving economic prosperity,' Anheuser-Busch CEO Brendan Whitworth said in a statement. 'Investing in our people and in new technologies and capabilities to drive industry and economic growth is core to who we are.' Anheuser-Busch's initiative — dubbed Brewing Futures — isn't new, though the company says itrepresents the latest evolution in its effort to drive economic prosperity in the U.S. and boost domestic manufacturing. The company, which makes Budweiser, Bud Light, Busch Light and Michelob Ultra, has invested more than $2 billion in its 100 facilities in the U.S. over the past five years. It is also one of many companies that have plans to increase investment in the U.S. in recent months under the Trump administration, which has been using tariffs to encourage companies to bring manufacturing back to American soil and reduce reliance on foreign goods. Advertisement Anheuser-Busch CEO Brendan Whitworth (pictured) has vowed to invest $300 million towards its U.S. based facilities. BELGA MAG/AFP via Getty Images The company said it will expand the reach of its technical excellence center model by building a new regional facility in Columbus, Ohio. Anheuser-Busch will upskill its entire regional technical workforce over the next three years at the Columbus facility. The beer-maker said it will partner with the National Association of Manufacturers' Manufacturing Institute and local trade schools to expand technical training for manufacturing careers. 'Anheuser-Busch has been a shining example of what 'Made in America' means, and their latest investment of $300 million builds on their longtime commitment to grow our workforce and expand U.S. manufacturing,' Secretary of Labor Lori Chavez-DeRemer said in a statement. 'They are demonstrating exactly what it means to put American workers first, setting a standard for other companies to follow.' Advertisement To help veterans, Anheuser-Busch is partnering with the Manufacturing Institute's Heroes MAKE America program to become the first American manufacturer to adopt a new digital credentialing system that translates military experience into skills needed in the manufacturing field. The beer-maker has made huge commitments towards expanding its U.S. workforce and manufacturing. Christopher Sadowski The company has long supported military members, and more than 10% of its current workforce is made up of veterans and active-duty military members, including its CEO. Whitworth — who served in the Marines before joining the CIA — was named as Anheuser-Busch chief executive in July 2021 and led the company through challenges associated with its controversial 2023 Bud Light marketing campaign featuring transgender influencer Dylan Mulvaney. The campaign sparked a backlash and a significant boycott by consumers and public figures. It even dethroned Bud Light as the top-selling beer brand in the U.S. Advertisement Whitworth tried to move beyond the controversy by launching a slew of patriotic and humorous marketing campaigns focused on the company's broader role in American culture. These also highlighted the workers responsible for making the company's beer and its contributions to the economy and communities. Earlier this year, he penned a letter titled 'A Call for American Beers,' in which he expressed his dissatisfaction with the longstanding use of 'domestic' to describe American-made beer. He encouraged the company's distributors and partners to replace the term 'domestic' with 'American' when marketing beer, arguing that the term better reflects the industry's identity.
Associated Press
12-05-2025
- Business
- Associated Press
ANHEUSER-BUSCH ANNOUNCES NEW $300 MILLION INVESTMENT IN MANUFACTURING OPERATIONS ACROSS THE U.S.
Leading American manufacturer builds on longstanding commitment to creating jobs and driving economic prosperity through expanded investment in its breweries, technical skills training, and support for hiring veterans ST. LOUIS, May 12, 2025 /PRNewswire/ -- Today, Anheuser-Busch (NYSE: BUD), a leading American manufacturer and maker of Michelob ULTRA, Busch Light, Budweiser and Bud Light, proudly expanded its commitment to creating and sustaining U.S. manufacturing jobs by announcing it will invest $300 million in its facilities across the United States. Building on more than 165 years of continuous investment in its people, breweries and communities, Anheuser-Busch's Brewing Futures initiative supports American manufacturing through three key pillars: As part of the announcement, Anheuser-Busch debuted a new ad that shows how the company is brewing futures for the 65,000 Americans who help to bring its products to life every day and underscores how the company has been investing in American beers and careers since 1857. Brendan Whitworth, CEO, Anheuser Busch said: 'This new $300 million investment in our manufacturing facilities across the U.S. is the latest example of Anheuser-Busch's commitment to strengthening our local communities by creating and sustaining jobs and driving economic prosperity. Investing in our people and in new technologies and capabilities to drive industry and economic growth is core to who we are.' Lori Chavez-DeRemer, U.S. Secretary of Labor said: 'Anheuser-Busch has been a shining example of what 'Made in America' means, and their latest investment of $300 million builds on their longtime commitment to grow our workforce and expand U.S. manufacturing. They are demonstrating exactly what it means to put American workers first, setting a standard for other companies to follow.' Rep. Mike Carey (R-Ohio) said: 'Anheuser-Busch's renewed commitment to supporting workers with family-sustaining wages in Columbus is excellent news. By investing millions in comprehensive education programs right here in Ohio, Anheuser-Busch is creating pathways to success for Ohioans in our communities. I look forward to the continued growth and opportunities these investments will offer families in and around Columbus.' Continued Investments in American Manufacturing Careers Over the past five years, Anheuser-Busch has invested nearly $2 billion in its 100 facilities across the country to enhance operations, advance technology, and meet evolving consumer demand. That commitment continues in 2025, with more than $300 million in planned investments in its facilities nationwide. Expanded Technical Training Anheuser-Busch is expanding its best-in-class Technical Excellence Center model – which has benefited more than 1,200 Anheuser-Busch employees since 2022 – across the country, starting with the launch of its new Columbus Regional Excellence Center, where it will upskill its entire regional technical workforce over the next three years. Additionally, Anheuser-Busch is expanding access to its St. Louis, MO and Columbus, OH Technical Excellence Centers beyond its workforce. In partnership with the National Association of Manufacturers' Manufacturing Institute and with local trade schools, Anheuser-Busch will open the facility's doors to trade school students and educators to further grow and develop the talent pipeline for manufacturing careers across the country. Strengthening Veteran Career Opportunities Anheuser-Busch is partnering with the Manufacturing Institute's Heroes MAKE America program to become the first American manufacturer to adopt a new digital credentialing system that translates military experience into skills needed for careers in manufacturing. Additionally, the company will train its workforce on the credentialing system, ensuring that recruiters understand how the unique skillsets of service members translate to these manufacturing roles at Anheuser-Busch and enabling them to apply that knowledge to thousands of applications annually. Jay Timmons, President and CEO of the National Association of Manufacturers and Chairman of the Board of the Manufacturing Institute said: 'Anheuser-Busch's $300 million investment is more than a commitment to manufacturing in America—it's a commitment to America's future. By expanding technical training and strengthening our industrial base in Columbus, and with their support of the Manufacturing Institute's Heroes MAKE America initiative, they are opening doors of opportunity for manufacturing workers across this country. This investment will help fuel our economy, lift up communities and secure the promise of manufacturing in America for generations to come.' Anheuser-Busch has a longstanding history of supporting those who serve, and today, more than 10 percent of the company's workforce is made up of veterans and active-duty military, with a nearly 100 percent retention rate and nearly 60 percent serving in manufacturing roles. While investments in these areas are not new for Anheuser-Busch, the Brewing Futures initiatives represents the latest evolution in its longstanding efforts to drive economic prosperity in communities across the country and create opportunity in American manufacturing for generations to come. For more information visit and follow Anheuser-Busch on LinkedIn, Twitter, Facebook, and Instagram. About Anheuser-Busch At Anheuser-Busch, our purpose is to create a future with more cheers. For more than 165 years, we have delivered a legacy of brewing great-tasting, high-quality beers that have satisfied beer drinkers for generations. 99 percent of the products we sell in the U.S are made in the U.S. with more than $700 million in high-quality ingredients sourced from American farmers and more than $7 billion in goods and services purchased from U.S. suppliers, and we have invested nearly $2 billion in our 100 facilities across the country over the past five years. Through these investments, and as a leading American manufacturer and the nation's top brewer, we drive economic prosperity nationwide through investments in our people, facilities, and communities. We are the only brewer that invests in the U.S. at this scale. We are home to the nation's most iconic beer and beyond beer brands, including Michelob ULTRA, Busch Light, Budweiser, Bud Light, Stella Artois, and Cutwater, as well as industry-leading regional craft brands. From our longstanding efforts to support American farmers, military, veterans, and first responders, to emergency drinking water donations and responsible drinking programs, we are guided by our commitment to the communities we call home and the 65,000 hard working Americans who bring our beer to life. That's who we are. For more information, visit or follow Anheuser-Busch on LinkedIn, X, Facebook, and Instagram. View original content to download multimedia: SOURCE Anheuser-Busch
Newsweek
08-05-2025
- Automotive
- Newsweek
Kevin Harvick Sounds the Alarm After Denny Hamlin's Fiery Texas Nightmare
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Kevin Harvick and his Harvick Happy Hour podcast co-host Mamba Smith have shared their thoughts on Denny Hamlin's car erupting into flames at Texas Motor Speedway last weekend. The Joe Gibbs Racing driver made it to Lap 75 before his car became engulfed in flames. Harvick analyzed the situation during the latest episode of the podcast. The 2014 Cup Series champion claimed: "The flames were really strange, the way that they were almost like it was a fuel fire. It sounds like they broke a valve spring, dropped a valve, and then it exploded. I think this was the third race on that particular engine, based upon the feedback I got from Larry [McReynolds]. Former NASCAR Cup Series driver, Kevin Harvick speaks at the Busch Light activation on the midway prior to the NASCAR Cup Series Daytona 500 at Daytona International Speedway on February 16, 2025 in Daytona Beach,... Former NASCAR Cup Series driver, Kevin Harvick speaks at the Busch Light activation on the midway prior to the NASCAR Cup Series Daytona 500 at Daytona International Speedway on February 16, 2025 in Daytona Beach, Florida. More"It's unfortunate, and I think when you look at this 11 car, they're in good shape. I think that the speed and the things that they have in this car are good. I think that he and Chris Gayle have gotten to a point of being able to know that they can win." Co-host, Mamba Smith, added: "Firstly, I'm glad he's okay, because I felt like he was in that car for a long time for how much smoke was coming through." He added: "We haven't seen engines blow like this in a very long time. And, if they're going to blow, at least they're spectacular." Harvick responded: "Those margins of speed are getting closer together. When those margins of speed get closer together they wind up pushing things a little further so, finding power becomes a lot harder. It comes in smaller increments which means to push the tolerances and parts and pieces a little bit differently. "But, we saw this - what I thought was a valve spring issue last year with the Toyota engines and they blew up three or four of them in a row." He later continued: " I think that when you start hearing valve spring, that to me is terrifying." Hamlin also addressed the incident on his Actions Detrimental podcast. The 23XI Racing co-owner stated: "I haven't been in that spot a ton, but you just don't want to get burned. "You can feel the heat coming from wherever it's coming from, but the smoke is the one thing that I don't want to get in my lungs and stuff like that. You got the safety vehicle people, they're spraying it with all the substance and whatnot. It's just that, but I was able to get out fine." The 44-year-old added that he was not aware that the car was on fire until he stopped. "I didn't feel anything until I stopped. A lot of it was because the wind was pushing it back behind the car. But the smoke got bad really quick. When I came to a stop, that's when the smoke started getting me pretty good."
