GREAT LAKES Region
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Transcript of GREAT LAKES Region
GREAT LAKES Region
Regional Composite
REGIONALDATA REPORT
JAN – JUN2014 vs. 2013
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Methodology
• IRI gathers chain-wide sales across all RMAs (Retail Market Areas)– Starting in 2013, the IRI Regions reflect an expanded retail data set which
includes sales and volume from Walmart, Sam’s Club, Target and BJ’s, in addition to traditional grocery retailers
• Average Selling Price (ASP) is not Advertised Retail Price– Average selling price is the average of all prices including coupons, promotional
pricing, club/loyalty card deals that are given at the register at the time of purchase
• Categories: Total Avocados, Produce = Total Produce including Avocados
• Timeframe: YTD Q2 (January – June) 2014
• Retail data provided by IRI / FreshLook Marketing
• Important Note: IRI / FreshLook Marketing periodically restates retail data, therefore this review cannot be compared or used in conjunction with prior reviews
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Great Lakes: Region Highlights - YTD Q2
• Overview based on the following geography:– The Great Lakes Region captures the Markets of Chicago, Cincinnati, Cleveland,
Columbus, Detroit, Grand Rapids and Indianapolis, plus additional cities not included in Markets
• Great Lakes Overview– Avocado retail dollar trends through Q2 outpaced Produce retail dollar trends in 2014– Category dollars grew +21% in 2013 and +22% in 2014 for a net growth of +47%
over 2012– Category units grew +35% in 2013 and +4% in 2014 for a net growth +41% over
2012– Category average selling price (ASP) declined -11% in 2013 and increased +17% in
2014 to $1.21/unit
• Great Lakes Per Store Averages– 2014 Average dollars of $6,405 per store were +19% higher than 2013 and +41%
higher than 2012– 2014 Average units of 5,301 per store were +2% higher than 2013 and +35% higher
than 2012
• Great Lakes versus Total U.S. trends– GL category unit growth of +4% was +1 point higher than the national average– GL category dollar trend of +22% was +4 points higher than the national average– GL 2014 category ASP of $1.21/unit was +9% higher than the national average of
$1.11/unit
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• Avocado retail dollar trends through Q2 2014 outpaced Produce retail dollar trends– 2013 versus 2012, Avocados outpaced Produce by +13 points– 2014 versus 2013, Avocados outpaced Produce by +16 points– 2014 versus 2012, Avocado dollars grew +47%, which outpaced
Produce by +33 points
Great Lakes: YTD Q2 Retail Dollar Trend ComparisonsAvocados vs. Produce
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Great Lakes: YTD Q2 Avocado Retail Overview
• Category dollars grew +21% in 2013 and +22% in 2014 for a net growth of +47% over 2012
• Category units grew +35% in 2013 and +4% in 2014 for a net growth +41% over 2012
• Category average selling price (ASP) declined -11% in 2013 and increased +17% in 2014 to $1.21/unit
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RETAIL UNITS
PLU Description 2013 2014 Variance 2013 2014 Variance
4046 Small Hass #60 sizes & smaller 8,406,868 12,492,967 +48.6% 264,694,895 303,132,864 +14.5%
4225 Large Hass #40 & #48 sizes 38,662,551 37,100,114 -4.0% 323,811,238 296,073,975 -8.6%
4770 X-Large Hass #36 sizes & larger 8,373,639 6,122,730 -26.9% 34,374,820 17,379,846 -49.4%
Other Greenskins, Pinkertons, non-Hass PLUs 511,161 587,137 +14.9% 12,084,056 12,182,463 +0.8%
Organic All Organic PLUs 853,320 1,169,388 +37.0% 8,438,646 11,987,570 +42.1%
Bags All bagged PLUs 13,058,710 15,353,072 +17.6% 97,225,194 123,820,515 +27.4%
69,866,249 72,825,409 +4.2% 740,628,849 764,577,232 +3.2%
RETAIL DOLLARS
PLU Description 2013 2014 Variance 2013 2014 Variance
4046 Small Hass #60 sizes & smaller 7,833,357$ 13,349,115$ +70.4% 189,531,524$ 259,310,608$ +36.8%
4225 Large Hass #40 & #48 sizes 42,817,055$ 49,497,550$ +15.6% 370,389,541$ 398,628,802$ +7.6%
4770 X-Large Hass #36 sizes & larger 10,383,666$ 9,860,489$ -5.0% 44,528,664$ 33,037,568$ -25.8%
Other Greenskins, Pinkertons, non-Hass PLUs 899,862$ 1,107,986$ +23.1% 20,407,504$ 22,099,893$ +8.3%
Organic All Organic PLUs 1,319,006$ 2,076,368$ +57.4% 13,237,876$ 19,904,947$ +50.4%
Bags All bagged PLUs 9,078,211$ 12,111,282$ +33.4% 82,446,073$ 115,149,905$ +39.7%
72,331,157$ 88,002,790$ +21.7% 720,541,181$ 848,131,724$ +17.7%
AVERAGE SELLING PRICE (ASP) / UNIT
PLU Description 2013 2014 Variance 2013 2014 Variance
4046 Small Hass #60 sizes & smaller $0.93 $1.07 +14.7% $0.72 $0.86 +19.5%
4225 Large Hass #40 & #48 sizes $1.11 $1.33 +20.5% $1.14 $1.35 +17.7%
4770 X-Large Hass #36 sizes & larger $1.24 $1.61 +29.9% $1.30 $1.90 +46.7%
Other Greenskins, Pinkertons, non-Hass PLUs $1.76 $1.89 +7.2% $1.69 $1.81 +7.4%
Organic All Organic PLUs $1.55 $1.78 +14.9% $1.57 $1.66 +5.8%
Bags All bagged PLUs $0.70 $0.79 +13.5% $0.85 $0.93 +9.7%
$1.04 $1.21 +16.7% $0.97 $1.11 +14.0%
JAN
UA
RY -
JUN
E: 2
013
vs 2
014
Great Lakes Total U.S.
TOTAL CATEGORY UNITS
Great Lakes Total U.S.
TOTAL CATEGORY DOLLARS
Great Lakes Total U.S.
CATEGORY ASP ($/Unit)
Great Lakes vs. Total U.S.YTD Q2 PLU Comparisons
• GL category unit growth of +4% was +1 point higher than the national average– GL growth was
driven by PLUs 4046 and Bagged Avocados, which collectively grew +6 million units
• GL category dollar trend of +22% was +4 points higher than the national average– GL growth was
driven by PLUs 4046, 4225 and Bagged Avocados, which collectively grew +$15 million
• GL 2014 category ASP of $1.21/unit was +9% higher than the national average of $1.11/unit– All PLUs, except
Other, exhibited double-digit ASP growth rates
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$4,543
$5,388
$6,405
+18.6% +18.9%
Avg Retail Dollars Per Store
2012 2013 2014
3,928
5,204 5,301
+32.5% +1.8%
Avg Retail Units Per Store
2012 2013 2014
Great Lakes: YTD Q2 Category Per Store Averages
• In 2014, per store dollar and unit averages were higher than the prior years– 2014 Average dollars of $6,405 per store were +19% higher than 2013
and +41% higher than 2012– 2014 Average units of 5,301 per store were +2% higher than 2013 and
+35% higher than 2012
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Great Lakes: 2012 through Q2-2014 Per Store AveragesBy Quarter - Units vs. ASP
• Average Retail Units Per Store– The peak quarter was 2013-Q2 at 2,786 units per store when ASP was $1.05/unit– The lowest quarter was 2013-Q4 at 1,794 units per store when ASP was
$1.27/unit
• ASP– Lowest ASP to date occurred during 2013-Q1, $1.02/unit– Highest ASP to date occurred during 2014-Q2, at $1.28/unit
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Great Lakes: Region Highlights - YTD Q2
• Overview based on the following geography:– The Great Lakes Region captures the Markets of Chicago, Cincinnati, Cleveland,
Columbus, Detroit, Grand Rapids and Indianapolis, plus additional cities not included in Markets
• Great Lakes Overview– Avocado retail dollar trends through Q2 outpaced Produce retail dollar trends in 2014– Category dollars grew +21% in 2013 and +22% in 2014 for a net growth of +47%
over 2012– Category units grew +35% in 2013 and +4% in 2014 for a net growth +41% over
2012– Category average selling price (ASP) declined -11% in 2013 and increased +17% in
2014 to $1.21/unit
• Great Lakes Per Store Averages– 2014 Average dollars of $6,405 per store were +19% higher than 2013 and +41%
higher than 2012– 2014 Average units of 5,301 per store were +2% higher than 2013 and +35% higher
than 2012
• Great Lakes versus Total U.S. trends– GL category unit growth of +4% was +1 point higher than the national average– GL category dollar trend of +22% was +4 points higher than the national average– GL 2014 category ASP of $1.21/unit was +9% higher than the national average of
$1.11/unit