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Started By
Message
re: Bud Light sales continue their precipitous drop in sales.
Posted on 6/22/23 at 9:11 am to LSUBoo
Posted on 6/22/23 at 9:11 am to LSUBoo
quote:
$20B is over the entire AB-InBev portfolio, since the start of the Tranny fiasco.
Weird, OP didnt mention AB-Inbev at all.
He said bud light 3 times.
Also im pretty sure the $20 billion figure is market cap, not sales. They were at $134 billion market cap in April and now it is $114 billion.
a 26% drop in bud light sales would equal about $1 billion per year, so unless all their other brands are taking the same hit I doubt they dropped $20 billion in sales.
This post was edited on 6/22/23 at 9:20 am
2
Posted on 6/22/23 at 9:14 am to Big4SALTbro
miller light or coors light needs to come out against trans and put the nail in the coffin!!!!!!
Posted on 6/22/23 at 9:19 am to tonydtigr
quote:
ESG scores have ruined this country.
Okay so let's say Standard & Poor's issues all of these arbitrary DEI and ESG scores to large companies. What I want to know is who (Congress, President, Fed Reserve?) commissioned and empowered S&P to rate companies by this metric. I don't ever recall a bill or law giving any private company rating agencies (S&P being the biggest I think) this much power unless it's buried in the thousand of pages in the Infrastructure Bill.
This post was edited on 6/22/23 at 9:21 am
Posted on 6/22/23 at 9:20 am to Corinthians420
The article just said (and linked some other article that I didn't read) that it had cost AB-InBev $2OB. So yeah, market cap.
Posted on 6/22/23 at 9:23 am to Tomatocantender
quote:
What I want to know is who (Congress, President, Fed Reserve?) commissioned and empowered S&P to rate companies by this metric. I don't ever recall a bill or law giving any rating agencies this much power
BlackRock manages nearly $10 trillion in investments. Vanguard has $8 trillion, and State Street has $4 trillion.
they don't need a law to push DEI or ESG scores, they just threaten to pull their money out of your company/stop lending you money if you don't meet them.
Posted on 6/22/23 at 9:28 am to Corinthians420
quote:
they don't need a law to push DEI or ESG scores, they just threaten to pull their money out of your company/stop lending you money if you don't meet them.
What happens when everyone just ignores it?
Posted on 6/22/23 at 9:30 am to HubbaBubba
quote:
Bud Light sales continue their precipitous drop in sales
Posted on 6/22/23 at 9:30 am to Y.A. Tittle
they pull trillions from your company and invest in your competitor that doesn't and you can't get outside investment as easily.
Posted on 6/22/23 at 9:34 am to Corinthians420
Sounds like it could run into a fiduciary issue.
Posted on 6/22/23 at 9:40 am to Corinthians420
quote:
they pull trillions from your company and invest in your competitor that doesn't and you can't get outside investment as easily.
Where are the Republican state AG's on this and why hasn't something this massive (major paradigm shift that seems to have happened suddenly) not been laid out in front of SCOTUS? This cuts right to the heart of interstate commerce and anti-trust federal acts that SCOTUS loves to rule on in the past. What the fukk is really going on? This is disturbing how quickly this massive power transfer has happened forcing Target, Budweiser et al to dance like jesters embarrassing themselves on the world stage.
Posted on 6/22/23 at 9:40 am to Corinthians420
quote:
a 26% drop in bud light sales would equal about $1 billion per year, so unless all their other brands are taking the same hit I doubt they dropped $20 billion in sales.
I’m sure a lot of their brands have also taken a hit. I used to drink a lot of Mich Ultra and haven’t had a single InBev beer since and I’m sure there’s thousands of others out there just like me. The issue that they did not account for is there’s so many other good brand beers out there that it’s incredibly easy to stop buying their product.
Posted on 6/22/23 at 9:41 am to Tomatocantender
quote:
Where are the Republican state AG's on this and why hasn't something this massive (major paradigm shift that seems to have happened suddenly) not been laid out in front of SCOTUS?
because the last thing anyone in DC wants to do is regulate investments, that's how they make their side hustle $$$$
Posted on 6/22/23 at 9:43 am to Corinthians420
quote:
they don't need a law to push DEI or ESG scores, they just threaten to pull their money out of your company/stop lending you money if you don't meet them.
Better yet they just buy enough stock to replace the board and do whatever the hell they want.
Posted on 6/22/23 at 9:43 am to TitleistProV1X
quote:
I used to drink a lot of Mich Ultra and haven’t had a single InBev beer since and I’m sure there’s thousands of others out there just like me.
Michelob Ultra sales are down 2.4%, which means it is still the #3 selling beer in America
This post was edited on 6/22/23 at 9:44 am
Posted on 6/22/23 at 9:46 am to LRB1967
quote:
Bud Light's former customers have found better beer to drink and have no desire to go back to drinking the tranny piss water.
They should probably go with a new slogan, maybe “Less Balls, Tastes Gay.”
Posted on 6/22/23 at 9:46 am to tide06
quote:
Better yet they just buy enough stock to replace the board and do whatever the hell they want.
Very good point, this starts to explain a lot of things.
Posted on 6/22/23 at 9:47 am to VADawg
No more tranny piss water for me.
Posted on 6/22/23 at 9:57 am to Corinthians420
quote:
Michelob Ultra sales are down 2.4%, which means it is still the #3 selling beer in America
Cool. Negative growth across the board will add up, especially with the plunge in Bud Light. It was such an odd choice for a business to make
Posted on 6/22/23 at 10:03 am to Corinthians420
quote:
Michelob Ultra sales are down 2.4%, which means it is still the #3 selling beer in America
I drank Mich Ultra for a long time. I no longer buy it because of the bud light fiasco!
Coors and Miller for me
Posted on 6/22/23 at 10:12 am to StonewallJack
quote:
I drank Mich Ultra for a long time. I no longer buy it because of the bud light fiasco!
Coors and Miller for me
I look at things according to scope. I live in a City I would consider to have a major drinking problem (not NOLA) and I can tell you people here are also not rich. That being said even with the massive price cuts, rebates etc. all the budlight products in the City I reside are not moving. My dad said he went to Walmart the other day when they were restocking and budlight did not have to add any product. Nothing.
I hope Budlight worked on its cardio because this is going the distance.
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