DeSantis Takes On 'Woke' Beer Brand During 2024 Election Campaign: 'I'll Serve You Anything Except Bud Light'
Portfolio Pulse from Chris Katje
Republican presidential candidate Ron DeSantis criticized Bud Light during a campaign stop in Nevada, amid controversy surrounding the beer brand's collaboration with trans activist Dylan Mulvaney. Bud Light sales fell 23.9% in May, and the decline could put further pressure on Anheuser-Busch InBev (NYSE:BUD) shares.
June 21, 2023 | 3:30 pm
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Anheuser-Busch InBev (NYSE:BUD) faces potential pressure on its shares due to the controversy surrounding Bud Light and falling sales.
The controversy surrounding Bud Light's collaboration with trans activist Dylan Mulvaney has led to a significant decline in sales, with a reported 23.9% drop in May. This decline in sales could negatively impact Anheuser-Busch InBev's stock price, as Bud Light is one of the company's major brands.
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