 The latest data set from NIQ shows total BevAlc sales accelerated their decline in the two-week period ending June 1, reflecting faster volume drops and slightly softer pricing growth, according to analysis from Goldman Sachs Equity Research.
The latest data set from NIQ shows total BevAlc sales accelerated their decline in the two-week period ending June 1, reflecting faster volume drops and slightly softer pricing growth, according to analysis from Goldman Sachs Equity Research.
NIQ uses US x AOC (extended All Outlet Combined) including convenience stores to summarize multi-channel markets and aggregate all national cross-outlet market data, and includes certain retailers (such as Whole Foods Market) that other providers do not.
Here’s the overview:
- Dollar sales recorded a -1.6% drop for the two weeks ending June 1, down from a -1.4% decrease in the four-weeks and a marginal -0.2% decline in the 12-week period.
- Volume declines were down to -3.6% in the two-weeks, compared to -3.5% in the four weeks and -2.7% in the 12-weeks.
- Pricing growth softened slightly, increasing by +2.1% in the recent two weeks compared to +2.2% in the four weeks and +2.6% in the 12-weeks.
- The results for both the recent and prior year two-week periods include the Memorial Day holiday weekend.
- From a category standpoint, volume deteriorated nearly across the board for wine, spirits, FMB, hard seltzer and cider, but with beer holding relatively steady, down -3.5% for two-weeks (vs -3.6% and -2.6% for four-weeks and 12-weeks).
Ready-to-Drink Cocktails
Both spirit-based and wine-based RTDs saw a slowdown in sales growth. Spirit-based RTDs increased by +8.3% in the two-weeks, down from +10.5% in the four-weeks and +31% in the 52-weeks. Wine-based RTDs grew by +20.2%, a decrease from +22.6% in the four weeks and +25.4% in the 52-weeks.
High Noon continued to excel with a +13.7% increase in the two-weeks, although cooled from +16.4% in the four-weeks and +39.1% in the 52-weeks. Volume growth nearly mirrored sales at +13.2% with about flat average pricing.
Still vying for the second spot, Cutwater saw sales rise +21.6%, with volumes up +18.1% and pricing up +3%. Nutl also posted high growth (+41.6%) but slowed versus +120% in the 52-week period.
On the other hand, Jack Daniels RTDs continues to decelerate, dropping by -32.2% in the two-weeks, a dip from -30.1% in the four-weeks; down from +89.7% in the 52-weeks.
Dogfish Head Cocktails (-19.5%), Truly (-16.47%), and White Claw Spirits Cocktails (-47.4%) posted losses.
With the hard tea race heating up, Stateside’s vodka-based Surfside lemonade and hard teas and Boston Beer’s new vodka-based iced tea Sun Cruiser held a 0.7% and 0.5% share of spirits-based RTDs, respectively, in the latest 2-week data, with ACVs of 5% and 4% respectively.
Flavored Malt Beverages
FMB sales growth decelerated to +2.1% in the two weeks, from +2.4% in the four weeks and +13% in the 52-weeks. Volumes were up by +0.5% (versus +0.8% in the four-weeks) and average pricing was steady at +1.6%.
Hard Tea showed improvement with sales slightly up +18.7%, versus +18.1% in the four-weeks and +31.7% in the 52-weeks, driven by Twisted Tea which saw a +9.8% increase in the two-weeks.
Hard Lemonade continues to struggle with a -15.9% drop, slightly down from -14.1% in the four-weeks and -3.1% in the 52-weeks, exacerbated by Simply Spiked facing a steep decline of -36.4% in the two-weeks.
Hard Soda sales showed volatility, up +7.4% in the two-weeks, versus -4.3% in the four-weeks and +34.4% in the 52-weeks. Hard MTN Dew faced a continued downturn as the brand transitioned to Boston Beer’s distribution from Pepsi’s Blue Cloud, with sales decreasing by -43.0% in the two weeks, versus -46.2% in the four-weeks and -7.8% in the 52-weeks.
Hard Seltzer
Hard seltzer continues to face significant challenges, with sales falling -11.7% in the two weeks, a slight worsening from -11.3% in the four weeks and +14.1% in the 52-weeks. Volumes were down -15.1% (-14.4% for four-weeks and -17.6% for 52-weeks), while average pricing remained relatively flat at +3.9%.
Truly sales declines were steady -21.8% in the two-weeks, from -22.3% in the four-weeks and -25.1% in the 52-weeks. Frontrunner White Claw saw sales stay steady at +1.9% in the two-week period versus +1.8% in the four-weeks and +1.6% in the 52-weeks. Truly (-21.8%) Topo Chico Hard Cider (-26.6%) and Lone River Ranch Water (-21.4%) all saw double-digit losses. On the other hand, Happy Dad Seltzer (+86.4%) and Model Ranch Water (+23.6%) posted gains.