Beer has “officially become a microcosm” of the American political landscape, Bernstein analysts noted, as the Bud Light parent company’s recent market losses top $25 billion.
Anheuser-Busch sales slipped by 10% or more over each of the last four weeks compared to the same week last year, according to NielsenIQ data cited Tuesday by Goldman Sachs.
Meanwhile, sales for rival Molson Coors are up more than 15% on an annual basis, and shares of the Coors Light and Miller Light parent have gained 19% over the last two months.$26 billion. That’s how much market capitalization Anheuser-Busch has lost over the last two months.
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