In the latest four-week period, all alcoholic beverage categories excluding RTDs were again in decline, and all categories other than Hard Seltzer deteriorated sequentially. Spirits sales excl. RTDs worsened to -4.1% (prior 4wks -2.8%) with volumes also decelerating further to -4.3% (prior 4wks -3.6%). Spirits sales incl. RTDs grew +0.5% y/y, but slowed versus the previous period (prior 4wks +2.5%), with RTDs growing at +17.6% in the period (prior 4wks +21.4%). Across our coverage, the best performer within ...

Anthony Pettinari AC n +1-212-816-4693 anthony.pettinari@citi.com Bryan Burgmeier bryan.burgmeier@citi.com Vi e w p o i n t | 18 Aug 2026 08:43:47 ET │ 13 pages Pettinari on Paper & Packaging Will Boxboard Hikes Stick? Further Thoughts on AMBP CITI'S TAKE In our weekly we highlight items of interest for Paper & Packaging investors: Landry Moore landry.moore@citi.com See Appendix A-1 for Analyst Certification, Important Disclosures and Research Analyst Affiliations. – We examine Boxboard market conditions an ...

J P M O R G A N Europe Equity Research 18 August 2026 European Beverages US Circana: Alcoholic beverage sales return to negative trajectory This report is based on analysis of the latest Circana data (4-wk period ended 09- Aug-26) covering the US Beverages market ex-Liquor Stores. Company sales and volume growth figures represent total performance across all product categories unless otherwise stated. In the latest four-week period, US alcoholic beverages sales were -1.8% (prior 4wks +0.2%) with volumes -3. ...

August 18, 2026 11:30 AM GMT Beverages | Europe US Spirits & Beer Scanner trends through 8 Aug We break out US NielsenIQ data for the 4 weeks to 8th Aug for Spirits & Beer companies below. Key Takeaways The L4W data now only contains the final week of the World Cup. Looking at the L3W data can give a useful indication of current trends excluding the World Cup impact. For Spirits, the L3W performance has improved vs pre-World Cup trends. For Beer, trends have remained consistent with the pre-World Cup period ...