Over the past month, Anheuser-Busch inBev's stock fell 1.47 percent.
A group of people drinking beer. On Friday, June 16, 2023, share prices of Anheuser-Busch slightly increased as Bud Light sales continue to decline.In April, Anheuser-Busch and Bud Light faced a wave of criticism and boycotts by many prominent conservative voices after sending a commemorative can to, a transgender influencer and activist. Mulvaney posted a video to promote her transition to womanhood and showcased a customized Bud Light can that she received from the beer brand.
Musician Kid Rock shared a video of himself shooting Bud Light cans and criticized the beer and model Bri Teresi posted a similar video to call for a boycott of the beer.as well as the beer brand giving out discounts for holidays. On Wednesday, Bump Williams Consulting providedwith industry data from Nielsen IQ, which showed that Bud Light's sale revenue was down 24.4 percent for the week ending on June 3, when compared to the same week in 2022.
"The declines accelerated coming out of the April 1 week, and have settled in the mid-high -20 percent range ever since," Dave Williams, the vice president for analytics and insights at Bump Williams Consulting, previously
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