Bud Light STOCK DOWNGRADED As Wall Street PANICS Over SALES Tanking & Distributors ABANDONING Brand!
May 14, 2023
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13:37Now PlayingBud Light STOCK DOWNGRADED As Wall Street PANICS Over SALES Tanking & Distributors ABANDONING Brand!
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Bud Light sales have dwindled and its stock has been downgraded.
Parent company Anheuser-Busch InBev (ABI) sold $71.5 million worth of Bud Light in the week ending April 29, a 23% drop compared to a year ago, according to data from Bump Williams Consulting. Budweiser sales totaled $31.5 million that same week, down roughly 11%, the firm said. Sales of other Anheuser-Busch brands — including Michelob Ultra, Busch Light and Natural Light — have also taken a hit.
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