Wine Takes Share of Alcohol, Beer Wins in Pricing

Dear Client: Wine continued to take share from beer and spirits in the 4 weeks to August 8, according to SymphonyIRI tracked channels. Morgan Stanley reports in a research note that wine sales grew 4.8%, while spirits grew 1.6% and beer gained 0.9%. Volumes of wine grew 3.4%, while spirits gained 1.8% and beer declined -1.3%. When it comes to pricing, beer is in the lead. In the latest four-weeks, beer pricing increased 2.3% (in line with the 52-week average),