InBev ... Bud Light is really hitting the fan. (Page 4/10)
fredtoast JUL 11, 05:53 PM

quote
Originally posted by Fats:

he even pretends to be a teen/preteen girl. .


No she doesn't. She presents as an adult and talks about adult issues including the problems from her own childhood.
fredtoast JUL 11, 06:00 PM

quote
Originally posted by Raydar:

From where I'm sitting, you haven't proven zhit, except that you seem to have a very high opinion of yourself, and that you don't listen...




You need to find a new place to sit because you are missing A LOT.

For example in this thread 82TA claimed Obvamam ended the "dry foot" Cuban refugee policy "as soon as he could", but I showed that it was one of the last things he did before leaving office in January of 2020. He also claimed that Obama did it because the Cuban refugee vote could hurt Democrats, but he waited through all 4 national election cycles in his 8 years of presidency before finally eliminating it. If you pull your head out of the right-wing echo chamber you will learn that the cancellation of that policy was a part of a larger plan to open relationships with Cuba. 82TA did not have a clue what he was talking about and I proved it with a thing called "facts".
williegoat JUL 11, 06:55 PM

quote
Originally posted by fredtoast:

For example in this thread 82TA claimed Obvamam ended the "dry foot" Cuban refugee policy "as soon as he could", but I showed that it was one of the last things he did before leaving office in January of 2020.
82-T/A [At Work] JUL 11, 07:06 PM

quote
Originally posted by fredtoast:

You need to find a new place to sit because you are missing A LOT.

For example in this thread 82TA claimed Obvamam ended the "dry foot" Cuban refugee policy "as soon as he could", but I showed that it was one of the last things he did before leaving office in January of 2020. He also claimed that Obama did it because the Cuban refugee vote could hurt Democrats, but he waited through all 4 national election cycles in his 8 years of presidency before finally eliminating it. If you pull your head out of the right-wing echo chamber you will learn that the cancellation of that policy was a part of a larger plan to open relationships with Cuba. 82TA did not have a clue what he was talking about and I proved it with a thing called "facts".




Fred... you've been completely destroyed in literally every single debate, and yet you think you've got this morsel that will help you feel like you have a "W."

What I specifically said was:

"Obama saw this as a problem, and as soon as he was able to, he quickly rescinded the Wet-Foot/Dry-Foot rule."

The "when" is totally inconsequential, but you seem fixated on this and have concocted a whole story behind it about what you think I believe and / or meant, which is wild. Like I said, as soon as he was able to, he quickly rescinded the policy. It was a decision that he knew would be wildly unpopular, but Democrats have wanted to eliminate it for a long time since it meant new Republican voters in an important swing state. By January, the Democrats had lost the election, and DeSantis was sworn in as governor, so there was nothing left to lose at this point, so he axed it in hopes that it would reduce the number of potential new Republicans voters. We know how that went... the state of Florida went from being a swing-state in 2016 and barely going for Republicans, to now having more than 700k registered Republicans than Democrats. It's fantastic.

I just heard news that a Democrat Georgia congresswoman just switched parties to Republican. This is like the 4th one this year. We'll get California back when it completely collapses, so I'm not too worried.
82-T/A [At Work] JUL 12, 07:46 AM
UPDATES:

- Numbers just in as of this morning... last week sales down a whopping 31.2%! That means the decline is increasing.

- COSTCO has just indicated that they will no longer be stocking Bud Light in the stores. They're on massive discount, and have been badged for clearance and discontinuance.

- Former CEO claims they're likely preparing for more layoffs: https://www.newsweek.com/fo...les-struggle-1812280


EDIT: all of this really does make me kind of sad. I have a friend who is the senior manager for a Budweiser distribution company... and ALL they distribute is Budweiser products. To lose even 15% of market-share would mean a complete loss of any revenue whatsoever (as in, they can no longer keep the lights on). A market-share drop of ~30% is catastrophic. I know he feels as I do, that the CEO needs to step down, and AB needs to apologize for the comments the marketing director made, and for the direction they took. He has not yet apologized... he's stepped around it, and this is why people have refused. They're still taking the approach of "wait and see if this crisis goes away..." and it's not. The longer this goes on, the more permanent it's going to get. The CEO will never apologize, because I'm of the impression he's not being allowed to apologize. Companies are willing to go to bankruptcy before they alter their message... and that's what we really should be looking at...

[This message has been edited by 82-T/A [At Work] (edited 07-12-2023).]

rinselberg JUL 12, 04:58 PM
"Anheuser-Busch InBev S.A. ADR outperforms competitors on strong trading day"

quote
The Anheuser-Busch InBev S.A. ADR BUD, +1.83% advanced 1.12% to $56.20 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +0.74% rising 0.67% to 4,439.26 and the Dow Jones Industrial Average DJIA, +0.25% rising 0.93% to 34,261.42.

This was the ADR's third consecutive day of gains.

Anheuser-Busch InBev S.A. ADR closed $10.89 below its 52-week high ($67.09), which the company reached on March 31st.

The ADR outperformed some of its competitors Tuesday, as Kirin Holdings Co. Ltd. ADR KNBWY, +1.85% fell 0.61% to $14.57, San Miguel Corp. SMGBF, +0.51% rose 0.51% to $1.96, and Compania Cervecerias Unidas S.A. ADR CCU, +1.65% rose 0.43% to $16.34.

Trading volume (1.6 M) remained 984,139 below its 50-day average volume of 2.6 M.

MarketWatch Automation; July 11, 2023.
https://www.marketwatch.com/data-news/anheuser-busch-inbev-s-a-adr-outperforms-co mpetitors-on-strong-trading-day-d24b07fe-ffbea0271899?mod=mw_quote_news

File this under the "White Noise" of Bud Light.

[This message has been edited by rinselberg (edited 07-12-2023).]

82-T/A [At Work] JUL 12, 06:01 PM

quote
Originally posted by rinselberg:

"Anheuser-Busch InBev S.A. ADR outperforms competitors on strong trading day"

File this under the "White Noise" of Bud Light.




Respectfully... this is people buying the STOCK because the stock has dropped so much that they think it could be a buy. It might even be a hedge fund that's bought up a ton of the stock to enact more control over it. It does NOT necessarily represent that the company is doing well.

Case in point, on April 27th, the stock was $66 a share. Right now in after-hours trading, it's currently $56. This isn't much of a catastrophic loss, but that's because big investors keep wanting to believe this is a temporary thing. But AB is very likely going to have to have layoffs before the end of the year.


I found this article pretty interesting...

Bud Light boycotters decimating sales over Dylan Mulvaney promotion should think about employees, Anheuser-Busch CEO Brendan Whitworth says
https://fortune.com/2023/06...h-employees-boycott/


Talk about tone deaf... why is it my problem that he made a bad decision? Maybe HE should think about employees.
Patrick JUL 12, 06:31 PM

quote
Originally posted by 82-T/A [At Work]:

..the Bud Light areas are always totally stocked, totally untouched, with yellow discount stickers on the labels.



Not rainbow colored?

Bud Light has always been such a crap beer. Eventually falling out of favor with the drinking public shouldn't come as a big surprise to anyone.
williegoat JUL 12, 07:44 PM

quote
Originally posted by 82-T/A [At Work]:

Talk about tone deaf... why is it my problem that he made a bad decision? Maybe HE should think about employees.


People who used to drink Bud Light, didn't drink it for the taste, and I doubt that they all quit drinking. They are probably just drinking some other cheap, tasteless swill. Bud just needs to figure out what those people want and switch production and distribution. I would think that the guys who used to drive Bud Lite trucks are now delivering Miller or Coors.

All those cheap beers are all like sex by the lake, anyway....

[This message has been edited by williegoat (edited 07-12-2023).]

82-T/A [At Work] JUL 12, 07:54 PM

quote
Originally posted by williegoat:

People who used to drink Bud Light, didn't drink it for the taste, and I doubt that they all quit drinking. They are probably just drinking some other cheap, tasteless swill. Bud just needs to figure out what those people want and switch production and distribution. I would think that the guys who used to drive Bud Lite trucks are now delivering Miller or Coors.

All those cheap beers are all like sex by the lake, anyway....





I have a friend that manages a distribution company for Budweiser... at least that's what it says on the side of the car. He always had a fridge full of Budweiser. They don't deliver anything except AB products... so I have to assume this is hitting them really, really hard. I consider him a friend, but I only see him once or twice a year when we go down to South Florida. It's not something you want to just call them up and say... "Hey man, how's the boycott hurting you?" He feels similarly to me, and is very frustrated by politics lately (essentially, the left's cultural Marxism), but I don't think he ever saw this coming. He employs a few dozen people and multiple delivery trucks. I can only imagine what's going on right now.

With a 30% sales loss, that means that stuff is sitting on the shelf longer, and the first people who get affected is the bottling and canning companies, and then the distributors...