Spirits fall -1.8% in January

Spirits volumes in control states fell -1.8% in January, while rolling 12-month volumes grew 1.4% year over year, according to NABCA data. In a note to clients, UBS analyst Melissa Earlam said "we believe poor weather and later Super Bowl timing caused some headwind." January price/mix was 0.2%, while the 12 months to January saw price mix grow 0.6%. In January Diageo took quite a bit of share in vodka (11.9% versus category growth of 3%) and rum (8.5% vs