'There's no demand': Jimmy Patronis skunks Bud Light
Chief Financial Officer Jimmy Patronis, who owns a generational seafood restaurant in Panama City, has a deeper understanding of beer preferences than most public officials.
And so, as he showed on CNBC’s “Squawk Box,” he has a unique perspective on the collapse of Bud Light’s market share in the wake of the brand’s use of transgender influencer Dylan Mulvaney in advertising.
“Bud Light was our No. 1 selling beer in the restaurant. We’ve got a big place, about 800 seats,” Patronis said Friday morning. “We sold about six servings. So again, there’s no demand for it. The customers are walking away from it.”
Patronis said Budweiser was “digging themselves out of a hole right now and it’s going...
