Tag: Brewing
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Bud Light sales are still falling, but here’s what Morgan Stanley says investors might be missing
[ad_1] Bud Light sales are still falling, as the impact of a boycott against the beer continues to stick. But Morgan Stanley analysts on Thursday said that impact was already reflected into shares of its parent company, Anheuser-Busch InBev, and that AB-InBev’s global footprint and the falling costs of beer ingredients would help sales and…
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Anchor Brewing, the OG of craft beer, is shutting down after years of losses
[ad_1] Anchor Brewing Co., the self-proclaimed first craft brewery in the U.S., said it will close its doors after 127 years in business. Market Pulse: San Francisco–based craft-beer pioneer Anchor Brewing is closing down after 127 years: report Anchor, whose beer lineup includes Anchor Steam, Old Foghorn and West Coast IPA, has decided to begin…
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Second-quarter corporate profits are set for their biggest drop since the start of the pandemic. But then the worst could be over.
[ad_1] Wall Street is expecting a third straight quarter of falling profits and the worst decrease since the pandemic in 2020, when second quarter earnings are reported in July, but that may be the bottom for this year. Wall Street expects per-share profit for S&P 500 index companies to fall 6.5% for the second quarter,…
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Bud Light dethroned as top-selling beer by Modelo, as boycott cuts into sales
[ad_1] Bud Light has been dethroned by Modelo Especial as the best-selling beer in the U.S., according to a report, following a boycott of Bud Light that began in April in response to its partnership with trans influencer Dylan Mulvaney. Modelo accounted for 8.4% of U.S. retail beer sales in the four weeks ending June…
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Opinion: Why Bud Light brewer AB InBev isn’t an investment slam dunk — yet
[ad_1] If you like to pick stocks for your retirement portfolio, this ought to be a great opportunity to add some Anheuser-Busch InBev BUD, +1.38% ABI, +0.47% or Target TGT, +1.61%. After all, both have plunged in price recently amid controversy over Pride and LGBTQ+ marketing. Yes, they are now cheap by some measures —…