Control Spirits Weaken in March

Spirits volumes in control states fell -5.2% in March, reports UBS analyst Melissa Earlam based on NABCA data. Comps year over year were not challenging, with 3% growth in March 07. March 2008 was depressed by several reasons, including one less Saturday in the month and the fact that Michigan (15% of Control State volumes) and Utah (2%) had one less week of selling days in March year over year. Market volume growth in the year to March 2008 increased