'Bud Light Backlash Could Spark Shortages Of Coors Light, Miller Lite' - NY Post
Portfolio Pulse from Happy Mohamed
Bud Light is facing backlash over its promotion with transgender influencer Dylan Mulvaney, resulting in a 25% drop in sales and increased demand for rival beers like Coors Light and Miller Lite. Molson Coors, the parent company of Coors Light and Miller Lite, may face supply shortages due to the increased demand.
May 24, 2023 | 4:56 pm
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Anheuser-Busch, the parent company of Bud Light, is facing a 25% drop in sales due to backlash over a promotion with transgender influencer Dylan Mulvaney.
The backlash against Bud Light's promotion has led to a significant drop in sales, which will negatively impact Anheuser-Busch's revenue and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Molson Coors, the parent company of Coors Light and Miller Lite, may face supply shortages due to increased demand as a result of the Bud Light backlash.
The increased demand for Coors Light and Miller Lite due to the Bud Light backlash may lead to supply shortages, which could result in higher sales and a positive impact on Molson Coors' stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100