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Bud Light stock is now up this much since boycott disaster
BUDABInBev(BUD) Finbold·2024-04-01 12:34

In 2023, Anheuser-Busch InBev (NYSE: BUD) – the company behind Bud Light – suffered significant stock market damage due to a boycott spawned by an ill-advised marketing campaign. Indeed, the boycott saw BUD shares drop from approximately $66 in late March to about $52 in November – a 21% decline in just over 6 months.The seeds of renewal, however, were sown for the company by the October earnings report which showed that, while the sales of the crucial Budweiser business were still dwindling in North Americ ...