January 31, 2009
Our Spirits Are Down
Dammit. Now I need a drink after reading this news.
US Liquor Sales Come Up Short in 2008
DISCUS said U.S. revenue for spirits companies rose 2.8 percent to $18.7 billion in 2008, while sales by volume rose 1.6 percent to 184 million 9-liter cases.
That represents a slowing from 2007, when revenue rose 5.6 percent and volume rose 2.4 percent, and DISCUS's prior forecast, which called for revenue growth of 4 percent to 5 percent and volume growth of about 1.9 percent.
"Contrary to popular belief, the entire beverage alcohol sector is recession-resistant, not recession-proof," said DISCUS CEO Peter Cressy in a press release.
Posted by spamburgler at January 31, 2009 07:50 PM
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