Michael Knowles made the best point I’ve heard about the Bud Light branding mistake.
A bunch of guys are at the bar, and it’s your turn to get a round. You get yourself and everybody else a Coors, or whatever, but you buy one guy a Bud Light. The implication is that he’s gay, or trans.
This is the heart and soul of branding. It’s why Dos Equis had the “most interesting man in the world” commercials. Michelob Ultra has branded itself as a beer for people who work out. Corona is about “finding your beach.” Sam Adams tries to tie their brand to “the love of beer.”
Bud Light has completely undermined and corrupted their brand image. It was a mistake on the order of new coke.