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In the month following the advertisement, Bud Light's sales fell between 11 and 26%, [10] [11] [12] while Anheuser-Busch's sales fell about 1%. [13] [14] In May 2023, AB InBev's stock price fell 20%, enough for it to be classified as a bear stock by Forbes. HSBC Securities downgraded its rating on the company from "Buy" to "Hold".
While Bud Light taking a stand to help a marginalized group seems to have affected sales, how has the Bud Light controversy affected its stock prices a month later? It’s hardly a blip.
Revenue for Anheuser-Busch jumped 2.6% to $14.55 billion from higher prices, but volume sold dropped 0.6%, though it was less than Wall Street anticipated. ... Bud Light sales are down 27.1% from ...
Collett upgraded Bud Light's parent company, Anheuser-Busch InBev , from Hold to Buy and raised his price target from $52 to $60, noting that Bud Light is "at the end of the tunnel" of its ...
Bud Light beer boycott may now have a price tag, as AB InBev notches a $1.4bn drop in U.S. sales following transgender influencer row. Prarthana Prakash. March 1, 2024 at 7:41 AM.
Bud Light sales declines are accelerating, and shares of parent company Anheuser-Busch InBev are falling alongside them.New data from Nielsen revealed Bud Light sales declined 24.3% year-over-year ...
Shares of Bud Light parent company Anheuser-Busch InBev are down 7.6% since the company reported earnings May 4 as the Dylan Mulvaney controversy continues to weigh on the beer giant's sales.Bud ...
On Friday, shares of Bud Light's parent company Anheuser-Busch InBev were up as much as 4% after Bank of America upgraded AB InBev stock from Neutral to Buy. Analysts there see improved profit ...