W&S Depletions See July Boost, but Outlook Still Cautious for Rest of ’24

Dear Client:   Wine and Spirits Wholesalers of America (WSWA) released their SipSource data yesterday, taking a look at the rolling 12 month trends through July. While depletion trends have been weaker in recent periods, July actually saw a "slight stabilization" in trends, boosted by two additional shipping days.  Spirits volumes were up 3.4% year-over-year for the month of July, while spirits revenues were up 3.8% for the period.  Meanwhile, wine was just shy of breaking into the black on