Premium Domain Names for Sale at CrocoDom.com
Bud Light's sales are still pressured as the seemingly never-ending controversy surrounding the beer brand continues to brew.
Anheuser-Busch InBev's (BUD) Bud Light sales tanked 26.5% for the week ending August 5, per new Nielsen data. That's a faster pace than the week-on-week drop of 25.9% for the period ending June 17.
Bud Light volumes crashed 29.7%, accelerating from the week earlier's plunge of 29.3%.
"Recent data continues to show that tracked channels reached a point of stabilization at significantly lower levels for Anheuser-Busch InBev than pre-controversy," Evercore ISI analyst Robert Ottenstein wrote in a note.
The declines started after transgender influencer Dylan Mulvaney created an Instagram post during the March Madness basketball tournament endorsing the light beer.
Following the post on April 1, ABInBev saw Bud Light sales trend lower through April. The declines appeared to accelerate following an April 3 video from country musician Kid Rock, which spurred a wider boycott by many on the right.
To try and stem the sales weakness, Budweiser offered US consumers in most states a rebate of up to $15 on a 15-pack or larger for July 4. The company has also reportedly been discounting Bud Light at retailers since the July 4 promotion.
By all indications, the gambit hasn't paid off.
The sales pressure has stretched well into the peak summer drinking months as the uproar has continued to play out on social media and in national headlines.
And there are two things making matters worse for Anheuser-Busch InBev.
First, rival Heineken is actively courting disenchanted Bud Light consumers.
A Heineken spokesperson confirmed to Yahoo Finance that it will spend $100 million to market a new light beer called Heineken Silver to consumers. The company plans to give away two million free samples this year as part of that initiative.
And secondly, the controversy continues to weigh on the rest of the beer giant's portfolio.
For the week ending August 5, Michelob Ultra volumes fell by 2.9% and Busch Light declined by 7.3%. Both were accelerated declines from the prior week. Budweiser volumes fell 14.7% in the latest measurement week.
Shares of Anheuser-Busch InBev have fallen 4% in the past six months as the sales declines persist. The S&P 500 has advanced 8%.
"We assume no recovery in Bud Light [this year]," RBC Capital Markets analyst James Jones said in a note.
Brian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Tips on deals, mergers, activist situations, or anything else? Email brian.sozzi@yahoofinance.com.
Click here for the latest stock market news and in-depth analysis, including events that move stocks
Read the latest financial and business news from Yahoo Finance
Target warns on its outlook again as consumers seek out better deals at the likes of Walmart.
Kremlin officials have discussed reviving a requirement on companies to sell export revenue, sources told Bloomberg.
The IPO market is seeking stability going into 2024, John Chirico said.
Investors are concerned impending student loan repayments may tank retail sales. But there's reason to believe that won't happen.
As we reach the tail end of the 2Q23 earnings season, it’s time to take stock of the current market landscape and gauge the resilience of equities. To start with, the pace of inflation is falling – but remains above the 2% target. Against a background of inflationary pressures and recessionary fears, the second quarter earnings were stagnant – but while the bar was low, most firms cleared it, beating the expectations. In a recent note, BlackRock’s Global Chief Investment Strategist, Wei Li, has
Michael Burry has repeatedly sounded the alarm on stocks, and said the passive-investing boom could lead to a worse disaster than the dot-com crash.
The economic story throughout the summer of 2023 has been about a resilient consumer. The market doesn't fully reflect that.
(Bloomberg) — Sacks Parente Golf Inc. shares skyrocketed 624% in its first day of trading, notching the best initial public offering debut on a US exchange this year.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapTycoon’s Fortune Soars $39 Billion on Eyebrow-R
The entertainment conglomerate concluded a sale wouldn’t result in any meaningful deleveraging of its balance sheet.
Renowned YouTuber and philanthropist MrBeast, in 2021, disclosed his involvement in the crypto market during an interview. The YouTuber, whose real name is Jimmy Donaldson, is known for his flashy stunts and expensive content. What Happened: In a YouTube interview with Logan Paul published on Sep 8, 2021, Paul teased MrBeast about his involvement in the crypto scene, prompting the YouTuber to confirm that he has been actively investing in the crypto market. Paul then revealed details from a phon
Disney is facing a legal battle over claims it withheld profits from a Hollywood financier that helped fund films including Avatar and Bohemian Rhapsody.
“Die Hard” actor Bruce Willis was diagnosed with a progressive dementia earlier this year.
Wendy's, McDonald's, and KFC, among others, look to follow the customer on the go.
TSG Entertainment, which helped finance hits including “Avatar: The Way of Water” for Twentieth Century Fox, is suing the studio and its parent company Disney for alleged breach of contract.
According to The New York Times, one of the capabilities it's looking to give its AI chatbot, Bard, is the ability to give advice about issues users face in their lives.
Amazon is tightening the purse strings again, raising prices for Music Unlimited subscriptions. This latest increase impacts Prime members and family plan users. The Amazon Music Unlimited Individual Plan for Prime members is going up from $9 to $10 per month, or $89 to $99 per year. The Amazon Music Unlimited Family Plan is shooting up from $16 to $17 per month, or $159 to $169 per year.
(Bloomberg) — Municipal-bond investors have to assess an unusual risk as part of a $113 million bond offering next week: The historic strikes that are paralyzing business for much of Hollywood.Most Read from BloombergFed Saw ‘Significant’ Inflation Risk That May Merit More HikesGoldman CEO’s Most Loyal Deputy Is Tested by Mutinous PartnersStocks, Bonds Fall as Rate Hikes Left on the Table: Markets WrapHigh-Potency Pot Market Worth Billions Draws Regulator ScrutinyChina Shadow Bank Misses Dozens
Studios have offered writers higher pay, protections from artificial intelligence and better residual terms.
The website formerly known as Twitter seems to be interfering with links to The New York Times, Mastodon, Bluesky, Threads and Substack to make them load noticeably slower.
Google Photos is introducing a new way to relive and share your most memorable moments with the introduction of a new Memories view, launching today to U.S. users. The feature lets you save your favorite memories or create your own from scratch in order to build out a scrapbook-like timeline that includes things like your most memorable trips, celebrations, and daily moments with loved ones, the company says.The addition builds on Google Photos' four-year-old Memories feature for recalling notab

source
Premium Domain Names:

A premium domain name is a highly sought-after domain that is typically short, memorable, and contains popular keywords or phrases. These domain names are considered valuable due to their potential to attract more organic traffic and enhance branding efforts. Premium domain names are concise and usually consist of one to two words or two to four individual characters.

Top-Level Domain Names for Sale on Crocodom.com:

If you are looking for top-level domain names for sale, you can visit Crocodom.com. Crocodom.com is a platform that offers a selection of domain names at various price ranges. It is important to note that the availability of specific domain names may vary, and it’s recommended to check the website for the most up-to-date information.

Contact at crocodomcom@gmail.com:

If you have any inquiries or need assistance regarding the domain names available on Crocodom.com, you can reach out to them via email at crocodomcom@gmail.com. Feel free to contact them for any questions related to the domain names or the purchasing process.

Availability on Sedo.com, Dan.com, and Afternic.com:

Apart from Crocodom.com, you can also explore other platforms like Sedo.com, Dan.com, and Afternic.com for available domain names. These platforms are popular marketplaces for buying and selling domain names. Each platform may have its own inventory of domain names, so it’s worth checking multiple sources to find the perfect domain name for your needs.

#PremiumDomains #DomainInvesting #DigitalAssets #DomainMarketplace #DomainFlipping #BrandableDomains #DomainBrokers #DomainAcquisition #DomainPortfolio #DomainIndustry #DomainAuctions #DomainInvestors #DomainSales #DomainExperts #DomainValue #DomainBuyers #DomainNamesForSale #DomainBrand #DomainInvestment #DomainTrading