Nielsen revealed interesting figures around the early stage of the contingency, in which the channel with the highest growth is Self-Service (+29 percent), followed by Wholesalers (+16 percent) and Pharmacies (+14 percent), in Mexico. The purchases are completely different to the health crisis.
But in the world, consumption has also registered numbers that indicate a definitive transformation as a result of the health crisis North Korea Email Address. From the point of view of Congrats Brands (CAG) CEO Sean Connolly for Yahoo Finance’s The First Trade, shoppers don’t feel panicky to buy frozen foods, canned soup, and other items as they did at the height of the season. pandemic during the first quarter of the year, but they appear to be keeping their cupboards constantly full as fears of the rally fluctuate, ultimately continuing to boost the finances of some of the world’s largest food manufacturers.
“The way I would describe it is if you go back to March and April, there was this incredible pandemic reserve where you saw an incredible increase in consumers buying everything off the shelves and storing their pantries and freezers. Then things got into a more normal pace with people consuming their inventory and replenishing it on the fly. We have stayed that way, ”he said.
Consumers have changed their shopping behaviors and that is why sales in the first fiscal quarter increased 12 percent due to demand in Congrats’s broad portfolio of brands (Slim Jim’s, Healthy Choice and Duncan Hines). Organic sales were up 15 percent and adjusted earnings were up 62.8 percent from a year earlier, the firm reports.
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The company expects organic sales to grow between 6 percent and 8 percent and a profit increase of up to 10 percent.
Shopping in Mexico
This matches with other trends that can be detected from the data in the same sense, such as that products in family sizes rose 0.8 points mobile lead in the value mix in Mexico, according to Nielsen. In other words, purchases were largely directed to entire families as a result of the confinement.
In fact, self-service purchases have increased 23 percent, according to sources. Since the early stage of COVID-19, the channel with the highest growth is self-service, followed by Wholesalers (+16 percent) and Pharmacies (+14 percent), according to the Mexican Association of Online Sales.
Like these changes, the push was also towards healthy food and fitness and health care purposes. All interrelated and consequence of the health crisis.