20 May 2023 6:52 am
Skans » 18 May 2023, 10:36 am » wrote: ↑ Bud Light sales are down again and even deeper, but that's not all due to its support of transgenderism and gay pride. Sales continue to tank with no rebound in sight. And as sales fall, the company is seeing its rivals like Miller Brewing, Molson Coors, Pabst and Yuengling take advantage of its strife.
InBev customers appear to have permanently abandoned Bud Light, Budweiser and even a number of other InBev brands. April was a bloodbath for A-B, and the numbers are not getting better in May. “Nationwide retail sales of Bud Light sales dropped 23.6% versus a year ago during the week ended May 6 — slightly worse than the 23.3% decline for the week ended April 29", according to data from Bump Williams Consulting and NielsenIQ data.
Budweiser, is also down 9.7% versus an 11.4% drop a week earlier. Michelob Ultra, down 2.9% versus 4.3%; and Natural Light, down 2.5% versus 5.2% the previous week. Meanwhile, competing brands are up anywhere from 7% to 23% due to Budweiser customers switching brands.
Invest with us, the customer and the customers body will always be always wrong.