Shrinking US bar tabs signal little festive cheer for liquor makers By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 23 2024
0mins
Source: Investing.com
Changing Consumer Spending Habits: U.S. consumers, particularly middle-income earners, are spending less on expensive spirits during the holiday season due to high inflation, leading to a shift towards cheaper drinks and venues, which poses challenges for major spirits producers like Diageo and Pernod Ricard.
Mixed Market Trends: While the U.S. market is experiencing cautious spending, some regions like Britain report an increase in consumer bookings and spending; however, overall sales of spirits are expected to decline, with a notable rise in at-home consumption and value-oriented dining options.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.








