“who are dealing with increased production costs”
BS, their costs are now not much more than before Covid.
“a slowdown in spirits sales in the U.S. marketplace.”
Yes because they would rather go bankrupt than lower their prices. They raised them during Covid and insist on keeping them up at Covid prices.
“and a significant disruption to spirits exports due to threat of tariffs and retaliation related to ongoing trade disputes,”
This is true, the lack of this market is hurting them. But only because they refuse to lower prices to sell more in our own market. Beer is the same way, it is 150% more than it should be.
The booze industry is pricing themselves right out of business. Many industries are doing that, they just absolutely refuse to go back to pre-covid sensible pricing.
I’ll Drink To That !!!
The Z’s smoke weed or vape and/or injest edibles. They head to the dispensary and make their purchases often with a medical card purchased by their parents yet most say they either don’t drink at all or hardly ever.
I agree. Jack Daniels especially is ridiculously priced.
Doesn’t matter much to me; never touch the stuff. If the liquor industry totally folded, I doubt I’d even notice.
The M2 money supply increased by 70% during Covid.
There is no going back, now that the dollar is worth less.
Hard liquor is competing against micro breweries, which are being driven by the younger generations.
They are popping up all over my region, and young people hang out there.
Yep, the high prices is more of the reason for the slowdown.
Not only booze, but soft drinks and snacks are absurdly high.