Are Bud Light's market share losses'stabilizing'?

In a Wednesday note to clients, Bernstein analysts led by Nadine Sarwat said Bud Light's market share losses appear to be “stabilizing,” maintaining their $68 price target while noting the situation has unexpectedly “officially become a microcosm of U.S. politics.”

How did the Bud Light boycott affect Anheuser-Busch's Q2 market share?

Global sales volumes rose and BUD stock surged Thursday, but the recent U.S. Bud Light boycott pressured the brewer's Q2 market share. Results: Anheuser-Busch's earning rose 8.3% to 65 cents per share on 13.2% revenue growth to $14.2 billion.

Did Anheuser-Busch InBev lose sales of Bud Light?

Main image, rainbow bottles of Bud Light are seen during the 30th Annual GLAAD Media Awards New York in New York City on May 4, 2019 and, inset, Anheuser-Busch InBev CEO Michel Doukeris speaks following a shareholders' meeting in Brussels on April 27, 2022. Doukeris has said it was "too early to have a full view" on declining sales of Bud Light.

Does Bud Light have a parent company?

Newsweek has reached out to Anheuser-Busch, Bud Light's parent company, for comment by email. Bud Light bottles stand in a cooler at the game between the Baltimore Orioles and the Los Angeles Dodgers at Oriole Park at Camden Yards on July 18, 2023 in Baltimore, Maryland.