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MarketWatch reported that May was the single worst month in AB InBev's history, correlating to the single largest selloff of AB InBev stock due to a 17% overall drop in sales, with Bud Light dropping in sales by 28%, Budweiser by 16%, Busch by 12%, and Michelob Ultra by 10%. MarketWatch also noted that AB InBev's rival, Molson Coors, had seen ...
Bud Light sales during the week of May 6 declined 23.6% compared to the same time period last year, according to data from Bump Williams Consulting and Nielsen NIQ cited by Evercore ISI. That's a ...
In the US, revenue declined by 0.6% as the dust settled following the Bud Light boycott from last April.. Sales to wholesalers dropped by 2.7% and sales to retailers were down by 4.1% in the US.
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 volumes tanked 27.8% year over year for the week ending May 23, per Nielsen data. That's an improved pace than the year-on-year drop of 29.5% for the period ending May 20. But it's still ...
In the month following the advertisement, Bud Light sales dropped between 11 and 26 percent. [29] [30] [31] During a May 4, 2023, conference call with investors, Anheuser-Busch InBev's CEO Michel Doukeris said the drop in Bud Light sales "would represent around 1% of our overall global volumes for that period".
Loaded 0%. Anheuser-Busch InBev ( BUD) may still be recovering from its hangover, but shares of the Bud Light parent are up roughly 5% on Tuesday after announcing a $1 billion buyback program. The ...
Bud Light has seen annual volume declines of more than 28% in each of the last four weeks. The lone positive: Volume declines have improved from a 32% drop at the height of the controversy ...