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Michelob Ultra Tops U.S. Beer Sales, Surpassing Modelo

Via @CeoWatchlist

Michelob Ultra is now America’s top-selling beer, overtaking Modelo Especial in U.S. retail sales by volume as of September 14, according to Circana data cited by CNN.

Anheuser-Busch credited the rise to aggressive marketing, including star endorsements like Lionel Messi and the rollout of Michelob Ultra Zero, its new non-alcoholic option.

The brand’s growth is a relief for the company, which has struggled since the Bud Light boycott over its controversial marketing partnership with a transgender influencer. That misstep cost Bud Light its decades-long lead in U.S. beer sales.

Modelo’s dominance, meanwhile, appears to be waning. Constellation Brands, Modelo’s parent company, warned that President Donald Trump’s immigration crackdown has dampened sales among Latino consumers, who make up half its U.S. customer base.

Despite Michelob Ultra’s rise, the industry faces headwinds. Beer sales overall fell nearly 5% in the first half of 2025, according to the National Beer Wholesalers Association.

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