What's going on with Bud Light?

Bud Light sales have been slipping, and the impact extends beyond the beer brand. Global glass producer Ardagh Group recently announced that it's shutting down two glass bottling plants — one in North Carolina and one in Louisiana. WRAL-TV reported that the closure of these two plants would result in roughly 645 employees being laid off.

Did a drop in Bud Light sales force a glass plant to shut down?

New documents obtained by WRAL News show a drop in Bud Light sales forced a glass plant in Wilson to cut down bottle production starting in May. With Bud Light's huge drop in sales, last week, the plant's owner, the Ardagh group, announced it would be shutting down the factory in Mid-July, laying off close to 400 employees.

Is Bud Light a good stock to buy?

While Bud Light is grappling with declining sales, competitors are seizing the opportunity to swoop in and grab market share. Here's a look at two beverage stocks that Wall Street finds particularly attractive. According to NielsonIQ data, Bud Light is no longer America's best-selling beer.