Most of you have probably registered the Bud Light $BUD-0.9% scandal.
Since that scandal, the company's sales have plummeted, but despite that, Bud Light has remained the best-selling beer in the US.
The lower sales have, of course, had an impact on the share price, which has dropped by more than 15% since the event.
Open $62.91
Day range $62.64 - $63.12
52 week range $51.66 - $67.49
However, the company should have put the worst behind it and sales will probably slowly start to return to normal. But the question remains how much inertia this event will have and how many customers will not return to the Bud Light brand.
What do you think?
Up 8% on capital gains in 20 years. You want that. 🙈 Long term margins are down, but otherwise financially fine. Except for the fluctuating dividend. 😔
Was that the thing with the fat girl? Or was it something else again? :-D
A solid flush over the last month. If it's a good company though, I wouldn't really worry about it in the long run.