Pernod Ricard: Sales Up 13%; U.S. Decline Expected
Pernod Ricard net sales grew +13% to $13.2 billion in FY 2023, but in its earnings report today the liquor company warned that sales would soon see a decline in China and the U.S.
Brown-Forman: Global Sales Up 3%; Ad Spend Up on Jack & Coke Launch
Brown-Forman net sales increased 3% to $1 billion in Q1 FY 2024, but took a hit in the U.S. due to slower whiskey sales, supply chain challenges, and rebuilding inventory.
Canelo RTD Steps Into the Ring, Backed By Spirit of Gallo
The company behind leading ready-to-drink cocktail High Noon is bringing out a new contender: VMC, a tequila-based canned cocktail born from a partnership between world champion boxer Saúl "Canelo" Álvarez, Spirit of Gallo, and Casa Lumbre is set to release next month, the company announced today.
Survey: Sexism in the Whiskey Industry Prevalent
A staggering 70% of women working in the whiskey industry have experienced sexual harassment while on the job, a new survey of over 600 women reports.
Upscale, Multi-Serve & Global: Wolf Spirit Distillery Launches RTDs
With ready-to-drink UPC proliferation nearing 7,000 items, how does an independent spirits company find a niche on the shelf - especially when starting from scratch? For Wolf Spirit Distillery, an Oregon-based spirits producer, the opportunity lies in upscaling a version of a cocktail people already love, and possibly upping the size too.
Pronghorn Backs Three More Black-Owned Brands
Investment firm Pronghorn, an initiative focused on boosting Black entrepreneurship in spirits, announced yesterday new investments in three more spirit companies: Abisola Whiskey, Los Hermanos Tequila 1978, and Alexander James Whiskey. Terms of the deals were not disclosed.
Data: Luxury Spirits Decline; RTDs Up On-Premise
Moderate and declining spirit trends continued over the first half of 2023, leaving the category slightly down against the backdrop of inflation-weary consumers looking for high quality deals, according to a new report.
Data: Dollar Sales Up for RTDs & FMBs As Overall BevAlc Vol Slows
Volume growth decelerated on a sequential basis across beer, wine, spirits and flavored malt beverage categories, while holding relatively steady across hard seltzer in the two-week period ending August 12, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research.
“If The Liquid is Not Good, They’re Not Coming Back”: Brown-Forman RTD Director on Jack & Coke
In bringing together two of the biggest names in beverage – Jack Daniel’s & Coca-Cola – for a ready-to-drink (RTD) cocktail, Dallas Cheatham, Brown Forman’s ready-to-drink portfolio director, knew the consumer buy-in was there.
Distribution Roundup: Thomas Ashbourne Hits Kroger, Waterford Whisky Expands
In spirits distribution news, SJP’s cosmo is hitting Kroger’s shelves and one importer is ditching a major distributor to focus on reaching the Hispanic consumer
Analysis: Is Campari’s Voting Shift a Prelude to a U.S. Acquisition?
Campari is set to increase shareholders’ voting rights this month, a move which may carve a path toward making a big acquisition as the Italian spirits group seeks to compete against larger rivals like Pernod Ricard and Diageo.
Beam Suntory: Sales Up in H1 2023; Slowdown in U.S.
Beam Suntory reported a 10% rise in net sales for the first half of 2023, driven by ready-to-drink (RTD) brands and the company’s premiumization strategy, but nevertheless did face performance struggles in North America.
Pernod Ricard Pushing Whiskey Portfolio Further With New Brand
Pernod Ricard is continuing to double-down on American whiskey by partnering in a new venture with Kentucky Bourbon Hall of Fame member and Rabbit Hole founder Kaveh Zamanian.
Marketing: Premium Tequila Brands Make a Play for Sports
As more drinkers trade their well shots for premium tequila, new marketing partnerships with some of the sports world’s more luxury events and surprising celebrity backers are emerging.