'Bud Light Dethroned As Nation's Best-Selling Beer By Modelo After Dylan Mulvaney Fiasco' - New York Post
Portfolio Pulse from Benzinga Newsdesk
Bud Light, a product of Anheuser-Busch InBev (BUD), has been dethroned as the nation's best-selling beer by Modelo, a product of Constellation Brands (STZ), following a fiasco involving Dylan Mulvaney.
August 22, 2023 | 5:11 pm
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NEGATIVE IMPACT
Anheuser-Busch InBev's Bud Light has lost its position as the nation's best-selling beer, which could negatively impact the company's stock.
Bud Light's loss of market leadership could lead to a decrease in revenues for Anheuser-Busch InBev, potentially leading to a decrease in the company's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Constellation Brands' Modelo has become the nation's best-selling beer, which could positively impact the company's stock.
Modelo's gain of market leadership could lead to an increase in revenues for Constellation Brands, potentially leading to an increase in the company's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100