W&S Trends Decelerating, But SipSource Analysts Expect Improvement in H2

Dear Client:    Spirits volumes have been decelerating for the last year or so, down 0.3% for the rolling 12 months through March, according to the latest SipSource data. Excluding RTDs, spirits volumes are down even further at -3.4%. And wine volumes have been trailing for some time, down 6.7% in the same period. Fortunately, SipSource analysts Danny Brager and Dale Stratton expect trends to improve later this year, partially thanks to easy comps. ON VS OFF-PREMISE. Off-premise is the drag on growth,