Bud Light parent says US market share stabilizing after transgender promotion cost sales

- Bud Light’s parent company expressed confidence Thursday that its U.S. market share has stabilized after a promotion with a transgender influencer cost it sales.Bud Light sales plunged

The company said its total U.S. market share for all brands fell more than 5% to 36.9% in April, but then remained stable from the end of April through the end of June. Some of the company’s brands, like Busch Lite and Michelob Ultra, have gained U.S. market share.lost its place as America’s best-selling beer

In the month ending July 22, Bud Light’s U.S. retail sales were down 26% compared to the same period a year ago, according to Nielsen data compiled by Bump Williams Consulting. Its year-over-year sales declines have been in the 25% to 30% range every month since the backlash began, the consulting company said.

“One, they want to enjoy their beer without a debate. Two, they want Bud Light to focus on beer. Three, they want Bud Light to concentrate on the platforms that all consumers love, such as the NFL and music,” he said. “We are taking the feedback and working hard to earn our consumers’ business.”

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Coors Light brewer benefits from Bud Light's turmoil | CNN BusinessBud Light’s decline is benefiting one of its biggest rivals.
Fuente: CNN - 🏆 4. / 95 Leer más »

Shark Tank's Mr. Wonderful to teach business school class on Bud Light debacleShark Tank star Kevin O'Leary announced Monday he will travel to business schools across the country to teach about the debacle that was the Bud Light collapse.
Fuente: dcexaminer - 🏆 6. / 94 Leer más »