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Goldman Sachs Report from NACS: Monster ‘All-In on Alcohol,’ Bud Light ‘Stabilizing,’ Twisted Tea Out Front

Goldman Sachs Report from NACS: Monster ‘All-In on Alcohol,’ Bud Light ‘Stabilizing,’ Twisted Tea Out Front

Monster Energy is “all-in on alcohol” and “thinks it could be big for them by 2025,” according to Goldman Sachs equity analyst Bonnie Herzog’s report from the National Association of Convenience Stores (NACS) trade show. The energy drink maker, which entered beverage-alcohol with the acquisition of CANarchy in January 2022, displayed its forthcoming hard tea, Nasty Beast Hardcore Tea during the show, Herzog wrote.

Anheuser-Busch Cuts Around 2% of US Workforce

Anheuser-Busch Cuts Around 2% of US Workforce

Anheuser-Busch InBev (A-B) announced a corporate restructuring today that will see the world’s largest beer manufacturer cut just under 2% of its U.S. workforce, an A-B spokesperson confirmed with Brewbound.

Survey Says: Beer Distributors Believe Bud Light Has Suffered Permanent Damage

Survey Says: Beer Distributors Believe Bud Light Has Suffered Permanent Damage

A pair of beer distributor surveys found that many in the middle tier believe that the conservative led boycott of Anheuser-Busch’s Bud Light brand may be permanent. Financial services firm Jefferies’ survey found that a majority (65%) of distributors surveyed expect the Bud Light downturn to last at least another six months, while 32% believe it could be permanent. A separate distributor survey by Goldman Sachs analyst Bonnie Herzog found that most respondents are “pessimistic about the potential for a full recovery” of Bud Light’s “brand equity and market share.”

Human Rights Campaign Suspends A-B’s Perfect Corporate Equality Score; Republican Senators Dig Into Dylan Mulvaney Partnership

Human Rights Campaign Suspends A-B’s Perfect Corporate Equality Score; Republican Senators Dig Into Dylan Mulvaney Partnership

After its request for a conversation with Anheuser-Busch InBev (A-B) leadership last month went unanswered, the Human Right Campaign (HRC) has suspended the perfect 100 score it gave A-B on its 2022 Corporate Equality Index (CEI), which will prohibit the company from using the organization’s designation as one of the “Best Places to Work.”