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|    alt.business    |    Business related discussions (no ads)    |    27,552 messages    |
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|    Message 26,961 of 27,552    |
|    Bud Light to All    |
|    Bud Light had a year it wants to forget.    |
|    08 Jan 24 05:45:24    |
      [continued from previous message]              distributors “still feel insulted, slighted and minimized by       corporate’s lack of apology and insensitive comments about how       little Bud Light’s volume has had on their global business and       volume trends.”              Williams doesn’t think that Bud Light will “fully recover its losses       in 2024 and probably would have suffered greater declines” if it       wasn’t for the financial program it implemented with distributors       that included writing checks and even buying beer for drinkers at       some bars.              Impact on other brands       Bud Light’s loss is a win for other brands, including some in the       A-B family like fast-growing Michelob Ultra. Williams said “thank       goodness” the low-carb beer was in a strong position before this,       because his firm’s analysis shows that Michelob Ultra is “taking       over the #1 brand positions in markets where Bud Light fell from       grace.”              Other beers are also seeing a benefit. Modelo Especial, Miller Lite,       Coors Light, Yuengling Lager and Flight, plus Pabst Blue Ribbon, are       all gaining in dollars and volume at the expense of Bud Light in       recent weeks, Williams said.              He added that he “sees no reason” why Modelo Especial will lose its       title as the number-one beer brand in US in terms of sales next       year.              Moving forward, 2024 will still be a struggle for Bud Light and its       identity. Roth said that customers will notice the shift from being       inclusive and celebrating the LGBTQ+ community to an “incredibly       generic” identity with some ads that encourage simply drinking Bud       Light.              “Today’s consumers feel connected to brands because they represent       ideas and values, not because a beer company makes a general hand       wave that drinking its product will be ‘easy to enjoy,’” Roth said.              https://www.cnn.com/2023/12/29/food/bud-light-year-in-review-       future/index.html#:~:text=Still%2C%20with%20weekly%20sales       %20down,is%20still%20in%20this%20position.              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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