Anheuser-Busch InBev Q2 Earnings Preview: Estimates For Bud Light Owner As Molson Coors Claims Market Share
Portfolio Pulse from Chris Katje
Anheuser-Busch InBev (BUD) is expected to report Q2 revenue of $15.37 billion, higher than the previous year's Q2 and Q1 of 2023. However, the company has missed estimates in the last three quarters due to controversy and boycotts surrounding Bud Light. Bud Light lost its top-selling U.S. beer position to Modelo from Constellation Brands (STZ). Molson Coors Beverage Company (TAP) also saw increased sales and market share. BUD shares are down 5.6% YTD, while STZ and TAP shares are up 19.3% and 37.9% respectively.
August 04, 2023 | 12:01 pm
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NEGATIVE IMPACT
Anheuser-Busch InBev's Q2 revenue is expected to be higher, but the company has been missing estimates due to Bud Light controversy. Shares are down 5.6% YTD.
The controversy and boycotts surrounding Bud Light have negatively impacted Anheuser-Busch InBev's sales and share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Constellation Brands' Modelo took the top-selling U.S. beer position from Bud Light. STZ shares are up 19.3% YTD.
Modelo's rise to the top-selling U.S. beer position has positively impacted Constellation Brands' market share and share price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Molson Coors Beverage Company saw increased sales and market share. TAP shares are up 37.9% YTD.
Molson Coors Beverage Company's increased sales and market share have positively impacted its share price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70