Coronavirus (COVID-19):
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24 September 2020
With the COVID-19 pandemic having provided “a once-in-a-generation opportunity to drive trial for our brands,” we look at how General Mills plans to retain its new customers. Net sales up 9.0% The company delivered a strong performance in Q1 with net sales up 9.0% to $4.4bn, and net earnings up 22.7% to $638.9m. It continues to benefit from elevated at-home demand, with expectations that it...
22 September 2020
2020 is a year like no other for UK food-to-go.  Previously the hero of the food and drink market, the sector has experienced unprecedented challenges in 2020 which will continue to impact it for years to come. In our new UK food-to-go market report 2020 , produced with the help of colleagues from across the industry, we predict that the sector will decline by 43% this year and only retur...
14 September 2020
Speaking at the Barclays Global Consumer Staples Conference earlier this month, Colgate-Palmolive’s chairman, president and CEO, Noel Wallace, outlined three strategies for the business as it navigates the pandemic. 1. Staying true to its core principles The company has launched several new initiatives to support consumers, retailer customers and communities. These include providing educati...
10 September 2020
Monthly data updates from the three largest convenience chains in the world, 7-Eleven, FamilyMart and Lawson, focusing on sales, customer footfall and average customer spend in Japan.  Our view Overall, COVID-19 has boosted supermarket and online sales in Japan, but impacted convenience negatively. Japanese convenience stores have struggled during the pandemic. A fall in customer numbers vi...
07 September 2020
As we transition out of the summer holiday period, in most geographies the COVID-19 pandemic has moved into a different phase. While latest trading updates from major CPG companies highlighted 12 broad areas of focus, five are being prioritised as companies adjust to the latest trading conditions. Uncertainty and volatility persist Although the virus path and nature of lockdowns continues t...
04 September 2020
The Campbell Soup Company rounded off a strong full year performance with an excellent Q4 performance, underpinned by COVID-19 driven demand. We look at the steps the business is taking to drive stronger future growth. 1. Retaining new households Having captured millions of new households, even if retention is modest, it will offer significant incremental growth Retaining younger shop...
04 September 2020
Pret a Manger will offer a new coffee subscription service where customers can buy up to five coffees a day for £20 per month.  The new scheme aims to tempt back customers as the chain struggles to regain sales in its core city centre locations, which are still relatively deserted as many office workers continue to work from home. New digital strategy Pret will launch its YourPret Barista m...
03 September 2020
We review how Couche-Tard, which operates mainly under the Circle K banner globally, performed in the first quarter performance and the impact of COVID-19 across its development plans. Q1 headline numbers Total merchandise and service revenues increased 7.0% to $3.9bn Same-store merchandise revenues up 19.9% in Canada, 7.7% in the US and 3.4% in Europe Same-store road transportatio...
31 August 2020
With Dollar General reporting an outstanding second quarter performance, we look at how it is adjusting its operations to capture new growth opportunities. Top line results Total sales up 24.4% to $8.7bn Same-store sales up 18.8% Net income increased 84.6% to $788m Same-store sales in the first weeks of Q3 running at around 15% Four strategic priorities The business had ...
31 August 2020
The Coca-Cola Company is establishing new operating units, global beverage category leads and a platform services organisation to align the business around a growth focus. Driving growth through strong brands The reorganisation has been developed to underpin the company’s ‘Beverages for Life’ strategy and capture growth opportunities. The aim is to optimise its global scale and local capabi...
27 August 2020
Woolworths has published its FY20 results for the year ending 28 June 2020, with group sales up 8.1% to AU$63,675m, but EBIT down 0.4% to AU$3,219m due to the impact of COVID-19 in H2. ‘Devastating impact of COVID-19’ In the second half of the year Woolworths' sales and EBIT were heavily influenced by the global pandemic. The shopping experience and sales patterns were particularly impacted...
25 August 2020
Grab and Unilever will collaborate to protect Grab drivers and riders, connect small business retailers to online channel and dispatch products to retailers using GrabExpress drivers. GrabProtect through Unilever products Unilever will be equipping vehicles in Indonesia, Malaysia, and the Philippines with Lifebuoy hand sanitisers and Cif disinfectant sprays, at no cost to driver-partners or...
20 August 2020
As consumers look to avoid large scale gatherings in support of social distancing and efforts to control the spread of COVID-19 in the US, we look at how Mars Wrigley is adopting virtual approach to the Halloween season. Merging the digital and physical Building on the growth in virtual events, including since the start of the COVID-19 pandemic, Mars Wrigley is launching a new digital exper...
20 August 2020
In its new UK Channel Opportunities report, IGD predicts that UK food and grocery market is set to grow by 10%, or £19.1bn, between 2019 and 2022. The report reveals the impact of COVID-19 on the overall market over the next two years, with a breakdown of expected implications and performance on individual channels. Pandemic accelerates transformation of UK food and grocery market The pande...
19 August 2020
We review Target’s second quarter performance and how it’s adapting to the COVID-19 pandemic. Q2 key numbers Total revenue increased 24.7% to $23.0bn, with comparable sales up 24.3% Comparable store sales were up 10.9% while digital comp sales increased 195% Net earnings increased 80.3% to $1.7bn Target’s unique fulfillment model What stands out for me in these results is t...
18 August 2020
Coles has reported FY20 results with sales up 6.9% to AU$37,408m and EBIT up 4.7% to AU$1,387m. Supermarkets sales up 6.8% to AU$32,993m Strong supermarket sales and EBIT growth of 10.7% were a result of Coles’ refreshed strategy and an increase in demand created by COVID-19. LFL sales growth for the year was 5.9%, with sales growth of 7.6% and 7.1% on a total and LFL basis in Q4, respectiv...
18 August 2020
Central Retail Corporation reports a total Q2 revenue of THB41,376m (US$1,327m) and a net loss of THB2,519m (US$81m), driven mainly by government measures to control the COVID-19 pandemic. Store closures in non-food segment The main decline came from the fashion segment with revenues falling by 47.6% year-on-year due to government measures to close stores in Thailand and Italy. Revenue from...
18 August 2020
BJC’s consolidated revenue for Q2 2020 reached THB38,604 (US$1,239m), declining by 13.2% due to lower sales across most of its segments except healthcare. Grocery retail segment was also adversely impacted due to COVID-19 measures. Grocery retail sales decreased by 11.7% BJC recorded sales of THB25,698m for its grocery retail business, a drop of THB3,292m (US$106m) or -11.7%. Same-store-sal...
13 August 2020
Sandwich chain Pret A Manger has confirmed that it has asked thousands of staff to work fewer hours as part of a post-pandemic restructuring. By reducing hours across the board Pret hopes to save a large number of jobs amongst its 8,000 UK employees. Store and customer profile impact recovery Although the majority of Pret’s UK stores are now open, many of the office staff and commuters who ...
11 August 2020
We provide monthly trading updates from Japan’s three largest convenience chains, 7-Eleven, FamilyMart and Lawson, as they look to accelerate out of recovery from COVID-19. July year-on-year trading update: 7-Eleven All stores sales down 5.5% Existing stores sales up down 5.1% Existing stores number of customers down 12.1% Existing stores spending per customer up 7.8% Nu...