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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".
A quick look at the Anheuser-Busch stock chart shows the company at its one-year high of $66.57 on April 3, 2023. By April 12, the price dropped to $63.38. However, the retail investors — just ...
Anheuser-Busch InBev ( BUD) is trying to get back into the game after a challenging 2023. The beer giant reported revenue of $15.33 billion, lower than the $15.49 billion expected. Margin recovery ...
Collett upgraded Bud Light's parent company, Anheuser-Busch InBev ( BUD ), 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 ...
It’s a new year with the same problems for the world’s largest brewer, AB InBev. The Belgian brewer, which makes Budweiser, Stella Artois and Bud Light beers, faced a tough 2023 as it muddled ...
Now, six months later, Bud Light sales are still down 28.1%, compared to a year ago, according to Bump Williams Consulting data, while competitors such as Coors Light continue to get a boost, up ...
Bud Light continues to hemorrhage ... Heineken’s stock dropped over 6% on Wednesday after the brewer forecasted a modest single-digit profit growth. Heineken raised prices by over 10% in the ...
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 ...