Spirits Sales Have Fallen This Year as the Industry Faces a New Normal [Yahoo! Finance]
Constellation Brands, Inc. (STZ)
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Source: Yahoo! Finance
That's clearly bad news for the industry and the distilleries who actually make the spirits, and while the future remains uncertain, this is not the only pessimistic reporting as of late. The report cited comes from SipSource , a data crunching tool run by the Wine & Spirits Wholesalers of America to cover sales figures from wholesalers and liquor retailers around the country. The numbers show that spirits sales were down 2.7 percent from April 2023 to March 2024, while wine sales were down 8.3 percent. And there seemed to be a dip at the very end of that period, with spirits sales down 5.2 percent from January to March, and wine down 10.9 percent over the same period. “Wine and spirits categories are currently underperforming expectations and have started the year in a slump,” said SipSource analyst Dale Stratton in the report. “Most categories and channels will likely break out of their slumps and significantly improve their performance, while others will continue to struggle the
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