(08-09-2023, 04:51 PM)The Real Marty Wrote:

(08-09-2023, 04:00 PM)The Drifter Wrote: Anheuser-Busch forced to sell off EIGHT of its craft beer brands after a staggering $27 billion loss

https://www.nationalreview.com/news/anhe...ght-sales/

You know, the article you linked actually says Anheuser-Busch's world-wide revenue was UP 7% last quarter.   So they probably weren't "forced" to sell off those craft beer brands.  

And there wasn't any $27 billion loss.  I don't know where you got that number.  They're not losing money.  I looked it up, and their 2nd quarter 2023 revenue was over $15 billion, with $339 million net income.  Where do you get that $27 billion loss?  

If you want to speculate a little, it might be time to buy the stock.  This boycott BS is going to eventually blow over.  They make a lot of different brands of beer, they sell them worldwide, and they are still making money.  And people aren't going to stop drinking beer.

Bud Light owner AB InBev beats forecasts despite boycott (cnbc.com)

Imbev is an international brand, Anheuser-Busch is an American brand.  The AB portion of Imbev is suffering. You might be right that eventually AB might bounce back over time but “This boycott BS” as you say was extremely effective.  The lost revenue will never be recovered and the common man has made it clear to corporations to stay out of politics.

On a side note the beer drinkers I know are really not that upset with the ad campaign itself but the initial response by AB’s marketing exec and then the lack of an apology.  Funny how the media and the left continues to miss that point.

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