It's official.
Beer brands in the Anheuser-Busch portfolio have also seen sales lag in recent weeks, including Budweiser and Michelob Ultra.Christopher SadowskiCompetitors such as Coors Light and Miller Lite — both of which are properties of Molson Coors — have seen their sales gain at Bud Light’s expense.According to research firm Circana, sales of Bud Light fell by 23% year-over-year in May to $297.3 million while rival lager Modelo Especial was catapulted to the top spot, generating $333.
Since the start of April, when Mulvaney’s social media posts touting Bud Light first appeared, the stock price of Anheuser-Busch has fallen around 15%.Shares of Anheuser-Busch were trading at more than 2.3% higher as of 12:20 p.m. on Wednesday.
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