This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
News
US spirits sales down 3.8% in January
Spirits sales in the US dropped by 3.8% in the year to January 2024, according to data from Wine & Spirits Wholesalers of America’s (WSWA) SipSource tool.
The tool covers wine and spirits distributor sales for hundreds of thousands of on-trade and off-trade accounts in the US.
The firm’s analysts suggested the drop is an ‘expected outcome’ following a strong performance in January 2023, with more positive results expected for the year ahead.
Total wine and spirits declined by 5.9% in the same period and were down by 7.1% for the past three months.
Spirits fared better than wine, falling by 5% in the past three months, compared with wine’s 9%.
Although on-trade sales fell by 2.1% on the previous year, cocktails and Tequila grew in the category by 28.9% and 2.1% respectively.
The firm expects to see a stabilisation in the next two months, thanks to an extra shipping day due to the leap year and favourable comparisons with March 2023.
Last month, a SipSource report stated that the premiumisation trend was ‘dead’, with year-end losses for both wine and spirits.
Off-trade alcohol sales in the UK, however, grew by 18% by volume in February.