Premium baijiu wholesale prices retreat after peak season; Goldman Sachs expects narrower third-quarter revenue declines but continued divergence
Sales during the Mid-Autumn Festival and National Day holidays fell short of expectations, and distribution channels continued to reduce inventories. Goldman Sachs expects baijiu industry sales to fall by an average of approximately 6% year on year in the third quarter, although declines at most producers will narrow from the second quarter.
Goldman Sachs ·