Anheuser-Busch InBev SA/NV (BUD) experienced a pronounced dip in U.S. revenue during the second quarter, primarily due to a social media-fueled boycott of its top-selling Bud Light beer. Moreover, in June, Bud Light relinquished its title of America’s top-selling beer, a position held for more than two decades, succumbing to Mexican lager Modelo Especial.
This sudden turn of events creates an uncertain near-term outlook for BUD, and I think this might not be the optimal entry point in the brewery’s stock.
