Analysis - US spirits volumes down as Diageo suffers
Nomura said volumes are still "robust" when making adjustments for the prior year
US spirits volumes fell last month with Diageo's brands the worst hit, according to latest industry figures.
National Alcohol Beverage Control Association (NABCA) data published today (23 April) showed that overall industry volumes dropped by 2.7% in March. The figures cover 19 US control states, accounting for around 25% of the US distilled spirits market.
But analysts Nomura, which published the numbers in a note, flagged that Michigan and Utah reported a week less of sales on the prior year. With this adjustment and accounting for an early Easter, volumes were up 2.9%, Nomura said.
"The underlying March volume growth is in line with our FY industry estimate of around +3%," the note said.
Price/mix for March was "robust", up 3.5%, improving on February (+3%) and in line with January’s 3.6% rise, Nomura said.
Diageo fared the worst out of the major producers, with volumes down 8.4% in March, the data showed. Captain Morgan's volumes fell 15.5%.
- American whiskey does a vodka - Analysis
- Battle continues for Pernod Ricard in US and China
- Are we about to see a no-alcohol Heineken?
- Concha y Toro's H1 performance - Focus
- Pernod Ricard's FY Performance by Region, Brand
- Heineken integrates cider and beer
- Diageo strengthens Charmer Sunbelt distribution
- “New normal” sees Pernod target premium in China
- Pernod Ricard keen to stem Absolut US declines
- Heineken adds to UK on-trade footprint
- Future growth opportunities for global spirits
- Global gin insights - market data, product innovation and consumer trends research
- Global rum insights - market forecasts, product innovation and consumer trends research
- Pernod Ricard SA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investment Report
- Global vodka insights - market forecasts, product innovation and consumer trends research