-
Wine Jobs
Assistant Manager
Assistant Cider Maker
Viticulture and Enology...
-
Wine Country Real Estates
Winery in Canada For Sale
-
Wine Barrels & Equipment
75 Gallon Stainless Steel...
Wanted surplus/ excess tin...
Winery Liquidation Auction...
-
Grapes & Bulk Wines
2022 Chardonnay
2023 Pinot Noir
2022 Pinot Noir
-
Supplies & Chemicals
Planting supplies
Stagg Jr. Bourbon - Batch 12
-
Wine Services
Wine
Sullivan Rutherford Estate
Clark Ferrea Winery
-
World Marketplace
Canned Beer
Wine from Indonesia
Rare Opportunity - Own your...
- Wine Jobs UK
- DCS Farms LLC
- ENOPROEKT LTD
- Liquor Stars
- Stone Hill Wine Co Inc
U.S. Wine Industry Stays Strong in February
Mar 16, 2016
(Wines&Vines) - All of the key metrics of the U.S. wine industry made positive gains in February, with some posting double-digit growth over the previous year as sales and winery hiring stay strong.
According to the latest monthly metrics report by Wines Vines Analytics, total U.S. wine sales grew by 1% or more than $200 million in February; off-premise sales increased by 4%, and direct-to-consumer shipments rose by 32% to $175 million.
The growth in DtC shipments is particularly strong but stems from 2016 being a leap year. February’s extra Monday on Feb. 29 meant more shipments went out during the month than in previous years. According to the ShipCompliant/Wines & Vines model for tracking DtC shipments, Mondays are one of the busiest days for shipping. The total value of February DtC shipments came to $175 million, and the volume was 370,732 cases. Thanks to the extra day in February, the 12-month total of DtC shipments also leaped by 11% to more than $2 billion.
Off-premise sales of domestic table and sparkling wine rose by 4% in February compared to February 2015, according to Chicago, Ill.-based market research firm IRI. The IRI report based on multiple-outlet and convenience stores also showed that sales increased 6% during the most recent 52 weeks. Volume grew more slowly at 3% for 52 weeks, while the volume of sales in February was up just 1% from a year ago.
IRI recently created two new high-end price segments to break down off-premise sales in their reports, which are released every four weeks. The change helps wineries and the trade to focus on the fast rates of growth in these segments.
In terms of sales growth, domestic table wines priced $20-$24.99 per bottle and packaged in glass are the hottest category, with a 30% sales increase in 52 weeks.
While lower priced wines still have the highest total value and volume, sales growth is at higher price points.
Sales growth at higher price points
Growth in the higher price segments is by now an established theme of the continuing premiumization trend in the off-premise channel. IRI’s three lowest priced segments of bottled wine had the lowest growth rates of the seven segments, and the four higher priced segments all experienced double-digit growth.
Wines priced less than $4 per bottle shrank by 4% in sales, and sales of those $4-$7.99 per bottle were flat. The change in direction began in the $8-$10.99 bracket, which had 8% growth.
Total wine spending by U.S. consumers increased by 1% from $2.67 billion to $2.69 billion. The 12-month total grew by 3% from $36.76 billion to $37.89 billion. Total wine sales include on- and off-premise and DtC sales and are based on data by BW166.com and Wines Vines Analytics.
Comments: