JP Morgan Publishes Report on Nielsen Wine Trends

In the report, JP Morgan writes, “Sales growth for wine in supermarkets for the latest 4-week period were up 3.5%, a sequential deceleration, and below the +5% YTD run-rate. Sales growth was 150 bps lower than the prior period and 100 bp lower on a 2-year basis. Volume growth of +2% was also about 100 bp below the prior period (and was similar when looking at the 2 year run-rate, which adjusts for the comp). Pricing growth of +1.5% was about the same as last period, both on a 1 and 2 year basis”. Companies included in the J.P. Morgan report are: Constellation Brands STZ and Altria Group MO