SipSource: On-Premise Share of Depletions Halved in 2020

Dear Client:  Since February, total on and off-premise depletions for both wine and spirits have improved 300 basis points, from -0.6% to +2.4% at the end of September, according to the latest SipSource quarterly report. Not surprisingly, off-premise spirits are driving growth. Off-premise spirits depletions were up 13.6% for the rolling 12 months through September, bringing total spirits depletions to 5.3% growth. Meanwhile, total wine depletions (on and off-premise) moved into positive territory for the first time since September 2018, up