I mean, legality aside, lots of companies have suffered financially for doing anything perceived as supporting anything LGBTQ lately. Target, Starbucks, Bud, etc. They’re definitely defying the urge to stay silent and neutral when it seems best to for business.
Have they actually suffered tho, or is that just what the bigots who boycott them for having rainbows on their products are saying happened because they want to feel like they won?
Also I had no idea the conservative backlash against these companies was so anemic. It really warms my heart to know that these bigoted fuckwits really are a loud minority.
It almost always is! There’s a lot of shit wrong in this world, but where American hillbillies choose to spend their money is absolutely not worth the media/social media attention we give it for some reason.
Stocks go up, stocks go down. Outrage has a short attention span. That being said, Bud Light was weathering the criticism just fine until they back-tracked and tried to reverse it to win back the idiots. Losing the LGBT+ customers hurt them far more, and it looks unlikely that they will retain their “Official Beer of Pride” title. Hatred just isn’t profitable.
They were all down because they missed previous earnings. SBUX and BUD are up big since last earnings, TGT is slightly up. American hillbillies do not determine share value.
Cool. I think it’s generally “easier, albeit lazy and wrong, for companies to choose be silent, and I give Nintendo some credit for not going with the “easy” option.
You have to look at their customer makeup. Budweiser losing money doesn’t surprise me at all but I’m kind of surprised at Starbucks. Although they probably have a lot of Karens going there, too
I not sure if there’s that cause and effect. It’s probably more something in the lines of:
“How can we turn around this failing business? I know! Let’s openly support LGBTQ! That will make people return to buy our product. Oh no! People didn’t care.”
Those businesses weren’t failing. The decline in sales is perfectly timed with right wing outrage. 30-40% of this country is now triggered by rainbows.
Their stock prices dropped because they missed previous earnings. SBUX and BUD are up big since they beat. Share prices are closely correlated with earnings FYI.
Stop pulling nonsense out of your ass to elicit an emotional reaction.
Be as emotional as you want, I don’t care, I told you to stop pulling nonsense out of your ass. This was never a conversation, I’m not interested in watching you try to move the goal posts until you stumble on something correct. Don’t spread misinformation in the first place.
I mean, legality aside, lots of companies have suffered financially for doing anything perceived as supporting anything LGBTQ lately. Target, Starbucks, Bud, etc. They’re definitely defying the urge to stay silent and neutral when it seems best to for business.
Have they actually suffered tho, or is that just what the bigots who boycott them for having rainbows on their products are saying happened because they want to feel like they won?
They haven’t, every single one of them are up Y/Y on revenue as of their last earnings. This dude is just trying to drum up outrage.
I’d love for you to link some earnings with that statement because that’s absolutely bullshit lol
Edit: Fine, I’ll do it. Last quarter earnings:
SBUX, 14.20% revenue growth Y/Y
TGT, 0.60% revenue growth Y/Y, still beat EPS expectations
BUD, 7.39% revenue growth Y/Y
Do better.
Jesus christ you fucking killed him man.
Also I had no idea the conservative backlash against these companies was so anemic. It really warms my heart to know that these bigoted fuckwits really are a loud minority.
It almost always is! There’s a lot of shit wrong in this world, but where American hillbillies choose to spend their money is absolutely not worth the media/social media attention we give it for some reason.
Look at their stock prices though… everything has been bullish. Theirs have been dropping.
Stocks go up, stocks go down. Outrage has a short attention span. That being said, Bud Light was weathering the criticism just fine until they back-tracked and tried to reverse it to win back the idiots. Losing the LGBT+ customers hurt them far more, and it looks unlikely that they will retain their “Official Beer of Pride” title. Hatred just isn’t profitable.
They were all down because they missed previous earnings. SBUX and BUD are up big since last earnings, TGT is slightly up. American hillbillies do not determine share value.
https://sh.itjust.works/comment/1274248
I don’t think a Japanese company targeting the youth is concerned about what American conservatives think.
Cool. I think it’s generally “easier, albeit lazy and wrong, for companies to choose be silent, and I give Nintendo some credit for not going with the “easy” option.
“Go woke, go broke” is just wishful thinking from crybaby far right-wingers. try harder.
More like “Go woke or go broke.”
I didn’t say it wasn’t. Jfc you’re super hostile on the internet. Chill.
You have to look at their customer makeup. Budweiser losing money doesn’t surprise me at all but I’m kind of surprised at Starbucks. Although they probably have a lot of Karens going there, too
Starbucks could just be a victim of the economic downturn: anyone looking to spend less is going to start with expensive coffee drinks.
I not sure if there’s that cause and effect. It’s probably more something in the lines of:
“How can we turn around this failing business? I know! Let’s openly support LGBTQ! That will make people return to buy our product. Oh no! People didn’t care.”
Those businesses weren’t failing. The decline in sales is perfectly timed with right wing outrage. 30-40% of this country is now triggered by rainbows.
Last quarter earnings:
SBUX, 14.20% revenue growth Y/Y
TGT, 0.60% revenue growth Y/Y, still beat EPS expectations though
BUD, 7.39% revenue growth Y/Y
You’re wrong. Back up your claims with data next time, help stop the spread of misinformation. Do better, you aren’t on Reddit anymore.
Sorry. Sales wasn’t the right term.
Their stocks have dropped by an average of 20% when others have done the reverse.
Corporations like to see their stocks go up not down. FYI.
Their stock prices dropped because they missed previous earnings. SBUX and BUD are up big since they beat. Share prices are closely correlated with earnings FYI.
Stop pulling nonsense out of your ass to elicit an emotional reaction.
Ok, dude. You seem really unable to have a discussion at all. You’re the only one who seems upset on the attack and doing the keyboard warrior dance.
I don’t mind being corrected, or discussing the details. I’ve shown no emotion in this.
Be as emotional as you want, I don’t care, I told you to stop pulling nonsense out of your ass. This was never a conversation, I’m not interested in watching you try to move the goal posts until you stumble on something correct. Don’t spread misinformation in the first place.
K
Do you have trouble with reading? You’re the only person getting upset
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Calling people what? Are you sure you know words?