{"id":2004605,"date":"2023-08-18T07:59:01","date_gmt":"2023-08-18T11:59:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/market-analyst-gives-bud-light-horrible-news-about-future-no-recovery\/"},"modified":"2023-08-18T08:00:59","modified_gmt":"2023-08-18T12:00:59","slug":"market-analyst-gives-bud-light-horrible-news-about-future-no-recovery","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/market-analyst-gives-bud-light-horrible-news-about-future-no-recovery\/","title":{"rendered":"Market analyst predicts bleak future for Bud Light: &#8216;No chance of recovery&#8217;"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmarket-analyst-gives-bud-light-horrible-news-about-future-no-recovery%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2004605&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Things \u2062just keep getting worse for Bud Light.<\/h2>\n<p>It\u2063 has\u200b now been four months since the Anheuser-Busch InBev beer brand\u200b partnered with transgender activist Dylan Mulvaney for \u200ba promo that generated a massive backlash from its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/more-americans-than-ever-will-use-buy-now-pay-later-plans-for-holiday-purchases\/\" title=\"More Americans Than Ever Will Use \u2018Buy Now, Pay Later\u2019 Plans For Holiday Purchases\">existing customer base<\/a>.<\/p>\n<p>The backlash resulted in the <a href=\"https:\/\/www.westernjournal.com\/bud-lights-dylan-mulvaney-partnership-now-cost-645-people-jobs-report\/\" target=\"_blank\" rel=\"noopener\">dismissal of the executives<\/a> \u200b who were responsible and a\u200d massive drop in sales and revenue that even the <a href=\"https:\/\/www.westernjournal.com\/americans-send-bud-light-brutal-message-july-4-sales-numbers\/\" target=\"_blank\" rel=\"noopener\">Fourth of July<\/a> holiday\u200d could\u200d not stop.<\/p>\n<p>Despite Bud Light\u2019s <a href=\"https:\/\/www.westernjournal.com\/rather-drink-urine-bud-light-hit-intense-backlash-resuming-regular-posting\/\" target=\"_blank\" rel=\"noopener\">desperate efforts<\/a> to get people\u2064 to\u2063 move on from the\u2063 controversy and stop boycotting the brand, the conservative \u200bboycott shows no sign of abating.<\/p>\n<p>On Wednesday, RBC Capital\u200d Markets analyst James Jones said Bud Light\u2019s prospects for the immediate future are grim.<\/p>\n<p>\u201cWe assume no recovery \u200din Bud Light [this year],\u201d Jones said, \u2062according to <a href=\"https:\/\/finance.yahoo.com\/news\/bud-light-will-have-a-future-in-america-survey-hints-190514160.html\" target=\"_blank\" rel=\"noopener\">Yahoo Finance<\/a>.<\/p>\n<p>Other \u2062analysts also have commented that trends in the market indicate Bud Light remains a toxic\u200d brand to many \u2062Americans.<\/p>\n<p>\u201cRecent data continues to \u2064show\u200d that <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/analyst-gives-dire-news-to-bud-light-no-recovery\/\" title=\"Analyst delivers grim message to Bud Light: No chance of bouncing back.\">tracked channels reached<\/a> a point of stabilization at significantly \u2063lower levels for Anheuser-Busch InBev than pre-controversy,\u201d Evercore ISI analyst\u200c Robert Ottenstein wrote in \u200ca note, <a href=\"https:\/\/finance.yahoo.com\/news\/bud-light-sales-are-still-stale-133123389.html\" target=\"_blank\" rel=\"noopener\">Yahoo<\/a> \u200b reported Tuesday.<\/p>\n<p>This statement\u2064 came \u2064in a report that \u2064said Nielsen data showed Bud Light sales\u200b tanked 26.5 percent in the week ending Aug. 5, which was worse \u200bthan the 25.9 \u2062percent drop \u2062for the period\u200d ending June 17.<\/p>\n<p>In short, there seems to \u200dbe no sign of any\u2063 sort of recovery\u200b for Bud Light.<\/p>\n<p>The continuing sales struggles are bad news for Anheuser-Busch, and the situation \u200cstinks \u200cfor any workers whose jobs are \u2064potentially on the line.<\/p>\n<p>But there is no denying that the company brought this upon itself.<\/p>\n<p>Bud Light\u2064 had\u200b an <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/market-analyst-gives-bud-light-horrible-news-about-future-no-recovery\/\" title=\"Market analyst predicts bleak future for Bud Light: 'No chance of recovery'\">existing loyal\u2064 customer base<\/a>, but its \u2064leaders chose to disregard that by throwing in their lot with\u2062 a woke influencer whom most people just \u2062find really obnoxious.<\/p>\n<p>Worse, in explaining their \u2064reasoning for doing so, they\u2063 decided to\u2062 <a href=\"https:\/\/www.westernjournal.com\/two-top-anheuser-busch-execs-behind-mulvaney-partnership-now-job-report\/\" target=\"_blank\" rel=\"noopener\">insult<\/a> their existing customers, essentially ensuring that they never return to Bud Light ever again.<\/p>\n<p>Brands might want to think carefully about this before deciding to embrace transgenderism or other\u2062 parts of\u2062 the woke agenda.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Bud Light sales are still down \u206326%<\/p>\n<p>Target just had its first sales drop in 6 years<\/p>\n<p>Disney lost $1.9 billion at the box office over the\u2064 last 15 months<\/p>\n<p>Keep hitting them where it hurts<\/p>\n<p>\u2014 End Wokeness (@EndWokeness) <a href=\"https:\/\/twitter.com\/EndWokeness\/status\/1692003451679527219?\">August 17, 2023<\/a><\/p>\n<\/blockquote>\n<p>If they do not want to become the next Bud Light, they will take the consumer into \u2064account before making such a decision.<\/p>\n<h3>The post <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\/market-analyst-gives-bud-light-horrible-news-future-no-recovery\/\">Market Analyst \u2064Gives Bud Light Horrible \u2064News About Future: &#8216;No Recovery&#8217;<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\">The Western Journal<\/a>.<\/h3>\n","protected":false},"excerpt":{"rendered":"<p>Bud Light&#8217;s troubles persist as it marks four months since teaming up with transgender activist Dylan Mulvaney. The promotional campaign faced severe backlash, leading to the removal of responsible executives and a significant decline in its customer base.<\/p>\n","protected":false},"author":2016,"featured_media":2004606,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[548],"tags":[],"class_list":["post-2004605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conservative-news-daily"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2004605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2016"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2004605"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2004605\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2004606"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2004605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2004605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2004605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}