Market Overview

Anheuser-Busch Exec Talks New Beers, Aluminum Tariffs

Share:
Anheuser-Busch Exec Talks New Beers, Aluminum Tariffs
Related BUD
Pot Stocks, ETFs, Top News And Data From The Cannabis Industry This Week
Beer Brands Are Still Losing Fizz: Can Anheuser-Busch Keep From Going Flat?
EU looking to fine Anheuser-Busch InBev (Seeking Alpha)

Anheuser Busch Inbev NV (ADR) (NYSE: BUD), the macro brewery whose brands include Budweiser, has a new lineup of summer beers that are inspired by America and freedom, according to Brendan Whitworth, Anheuser-Busch vice president of sales,

What Happened

Budweiser's recently launched lineup of summer beers includes Budweiser Freedom Reserve, which was inspired a recipe of President George Washington's that was found in a military journal, Whitworth said during CNBC's "Squawk Box" segment Tuesday. As expected, the beer is intended to pair with classic Fourth of July BBQ items like burgers.

Other recent introductions include: 

  • Bud Light Orange, which is brewed with real orange peels.
  • Michelob Ultra Pure Gold, a low-carb option made with organic grains.
  • SpikedSeltzer was brought to the market a few years ago, but "invented the category" of alcoholic seltzer.

Why It's Important

Despite being an iconic global company, Budweiser could still be impacted by trade wars and tariffs, Whitworth said. The company is "not huge fans of what the administration is doing" in terms of tariffs on aluminum since it sells beer in cans, the executive said.

What's Next

Tariffs on certain commodities needed to produce cans could cost beverage companies as a whole an extra $350 million, the executive said said. In Budweiser's case, Whitworth said the tariffs could impact 20,000 jobs in the future.

Related Links:

Trump's Tariff Decision Could Make Your Beer More Expensive: Here's How

Reach For A Cold One: Analyst Weighs In On The Alcoholic Beverage Sector

Posted-In: Beer Brendan Whitworth Budweiser CNBC Fourth of JulyPolitics Media General Best of Benzinga

 

Related Articles (BUD)

View Comments and Join the Discussion!

PreMarket Prep Recap For July 2: A Tesla Bull And Tesla Bear Walk Into A Bar

KeyBanc: Tesla's Q2 Numbers Are A Boon For Bulls