What the Latest String of Earnings Calls Reveals About Spirits Growth

Dear Client:    You may have noticed the spate of earnings reports in recent weeks. Indeed, in the last two weeks we covered earnings for Remy Cointreau, Campari, Moet Hennessy, Diageo, Cuervo, MGP Ingredients, and today, Beam Suntory shared its H1 results.  Rarely do we get such a confluence of self-reporting for a specific time period, so we dug back through our recent reporting and pulled out some common themes.  But before we get into that, let's take a quick