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Stock Spirits says retail sales offsetting effects of bar and restaurant closures

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Stock Spirits Group PLC (LON:STCK) said the lack of on-trade sales of its drinks due to closures of pubs and restaurants in lockdown in its markets has been “largely offset” by strong demand in the off-trade.

As a result, the spirits distiller said its performance for the year to end-September 2021 remains in line with expectations.

In the period from 1 October 2020 to 4 February 2021, the total Polish vodka market increase 4.3% in value but volume decreased 3.3% compared to the same period a year ago, as the market continues to “premiumise”.

Stock Spirits said it had a 30.1% share of the market compared to 29.7% a year ago.

In the Czech Republic, the total spirits market grew 11.9% in value and 4.8% in volume, with the company’s market share remaining roughly flat.

In Italy value and volume both grew 7.1% with Stock Spirits value share growing from 6.7% to 7.0% by the end of December.

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