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2023-05-11 -Signs, Portents, and the Weather-
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Anheuser-Busch stock downgraded by HSBC analysts over Bud Light 'crisis'
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[NYPOST] The stock of Bud Light parent company Anheuser-Busch has been downgraded by analysts at HSBC who say the brand is in the midst of a "crisis" following the outcry over its ties to transgender social media influencer Dylan Stench of Death Mulvaney
 ...the transexual influencer who single-handedly trashed a major American beer brand owned by a Belgian company, tainted Maybelline and Condé Nast, and then demanded that anybody who called him/her/it a man be arrested...
Carlos Laboy, a managing director at HSBC’s global beverage sector, downgraded the stock of Anheuser-Busch InBev to a hold status — meaning that investors should neither buy or sell shares of the company.
Laboy said that the backlash to the Mulvaney branding partnership is a sign that there are "deeper problems than ABI admits," according to a note that was first reported by CNBC.
"Is ABI’s leadership getting the brand culture transformation right? It’s mixed," Laboy wrote in a note that was published on Wednesday.
"At Ambev, we think the answer is ’yes;’ in the US, we think it’s ’no’," Laboy wrote.
"The way this Bud Light crisis came about a month ago, management’s response to it and the loss of unprecedented volume and brand relevance raises many questions."
"Why did its US leadership underestimate the risk of pushback given the recent experience of other firms?" Laboy wrote.
"Is A-B hiring the best people to grow the brands and gauge risk?"
"If Budweiser and Bud Light are iconic American ideas that have long brought consumers together, why did these marketers fail to invite new consumers without alienating the core base of the firm’s largest brand?" Laboy asked.
Bud Light's sales drop is accelerating amid Dylan Mulvaney fiasco — and is now spilling into other Bud brands
[NYPOST] Bud Light’s downward spiral has accelerated in the wake of the Dylan Stench of Death Mulvaney
...the transexual influencer who single-handedly trashed a major American beer brand owned by a Belgian company, tainted Maybelline and Condé Nast, and then demanded that anybody who called him/her/it a man be arrested...
debacle — and the carnage has begun to spill into Anheuser-Busch’s other mega-buck brands, The Post has learned.
Nationwide retail sales of Bud Light were down 23.4% versus a year ago in the week of April 29 — worse than the 21.4% decline it suffered a week earlier, according to Bump Williams Consulting and NielsenIQ data.
Meanwhile,
...back at the secret hideout, Scarface Al sneeringly put his proposition to little Nell...
as beer drinkers discover how many other beer brands fall under the Anheuser-Busch umbrella, the backlash is widening, according to the fresh data.
The company’s flagship Budweiser brand took an 11.4% sales hit for the week ended April 29.
Sales of Bud’s Michelob Ultra brand — the third-biggest-selling in the US behind No. 1 Bud Light and No. 2 Modelo Especial — were down 4.4%, according to Bump Williams data.
"It’s not just a Bud Light issue," said Bump Williams, chief executive of the consultancy.
"It’s an Anheuser-Busch portfolio problem now."
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Posted by Fred 2023-05-11 00:00||
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Posted by Raj 2023-05-11 00:57||
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Posted by DooDahMan 2023-05-11 06:29||
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Posted by Super Hose 2023-05-11 08:07||
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Posted by swksvolFF 2023-05-11 11:10||
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Posted by Procopius2k 2023-05-11 13:02||
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Posted by DarthVader 2023-05-11 16:35||
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Posted by Super Hose 2023-05-11 21:23||
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