Wine Industry Metrics
No Easter, No Problem for Wine Sales
SIRI reported that table wines in Segment 7, at $20-plus per 750ml, have been growing rapidly. This trend continued in the recent data that SIRI analyzed from major food and drug store check stand scan data.
April 17 ended the fourth four-week data period of the year, which traditionally includes the Easter holiday, when wine sales usually rise. Doug Goodwin at SIRI said, “We are nearly four months into the year, and the fast start we saw in January sales is still going strong.”
Top 10 brands in Segment 7 in dollar sales are all domestic, except No. 1, Santa Margherita. Goodwin looked closely at the distribution of the top brands and concluded that Santa Margherita had by far the best market penetration at 51%. The nearest competitor in the top 10 didn’t surpass 29%. “It shows there is growth potential for many of these brands by gaining distribution,” he said.