Overview
- Anheuser-Busch said Michelob Ultra led U.S. retail beer sales for the 52 weeks ended Sept. 14, 2025, citing Circana data.
- Industry trackers report the brand also ranked No. 1 in bars and restaurants over the past year, with NielsenIQ and Draftline showing leadership on draft lines.
- Constellation Brands recently lowered its fiscal-year outlook, projecting a 2% to 4% decline in net beer sales as tariffs and softer volumes weigh on results.
- Executives have attributed Modelo’s cooling growth to reduced spending from Hispanic consumers tied to economic strain and immigration enforcement concerns.
- Anheuser-Busch credited momentum to long-running sports sponsorships and the launch of Michelob Ultra Zero, reflecting demand for lighter and non-alcoholic options as overall U.S. retail beer sales fell nearly 5% in the first half of 2025.