Food business sales growth due to stronger demand for meals prepared at home
First written in FY2020. 3 of 11 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2023.
The whole theme swung hardest in 2023: 5 of 18 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「In the supermarket business, the number of items purchased declined due to broad-based price increases, while demand for meals prepared at home showed a downward trend and customer traffic declined as restrictions on activities related to COVID-19 were eased. However, the popularity of nonperishables, a distinctive feature of the company, remained resilient, and sales of seasonal products such as year-end and Hinamatsuri items remained relatively strong throughout the year.」
The company continues to describe a situation in which demand for meals prepared at home and customer traffic are declining due to the easing of restrictions and price increases, while nonperishables and seasonal products remain strong. - FY2023-Q3RestatedAnnual report
「In the supermarket business, restrictions on activity related to COVID-19 were eased, and demand for food consumed at home showed a declining trend against a backdrop of increased opportunities to go out. Customer traffic consequently trended downward. However, the popularity of the Company’s distinctive nonperishables division remained strong, and the peak year-end sales season proceeded generally smoothly despite the impact of snow damage in some areas.」
The company continues to describe a situation in which demand for meals prepared at home and customer traffic are trending down due to the easing of restrictions and increased opportunities to go out, while the popularity of nonperishables remains resilient and year-end sales are generally progressing well. - FY2023-Q2Declining demand for meals prepared at home coexisting with strong performance in nonperishablesAnnual report
「In the supermarket business, the average spend per customer increased due to a series of price increases. However, as COVID-19 restrictions were gradually eased and people had more opportunities to go out, demand for meals prepared at home showed signs of declining and customer traffic was sluggish. Nevertheless, the nonperishables department, a distinctive feature of the company, continued to perform well, with the number of items purchased exceeding the previous year.」
While demand for meals prepared at home showed signs of declining and customer traffic was sluggish due to the easing of restrictions on activities and increased opportunities to go out, the number of nonperishable items purchased exceeded the previous year. - FY2023-Q1Concern over a pullback in stay-at-home demand coexisting with sales growth from promotionsAnnual report
「Although there were concerns about a decline following the increase in stay-at-home demand, average spending per customer increased due to the franchisor's "Total Power Festival" sale held in April, continued frequent media coverage of Gyomu Super products, and the synergistic effects of the company's own promotional initiatives, including the "European Fair" and "Refreshing Flavors Fair."」
While the business environment shifted to one in which a pullback in stay-at-home demand was a concern, the Gyomu Super business increased revenue as promotions through sales, media exposure and proprietary fairs raised the average spend per customer. - FY2022-Q3RestatedAnnual report
「In the Gyomu Super business, although sales continued to be affected by declines following the cancellation of events, sales increased as brand recognition improved through features in numerous media outlets and the popularity of Gyomu Super private-label products on social media. Contributing factors also included the two-month "Grand Total Power Festival" sale held from September, attracting LINE members, and door-to-door promotions using inserted flyers and other materials.」
The company states that while demand from businesses and related sectors continued to decline due to event cancellations, sales to general consumers increased through media exposure, PB products becoming topics of discussion on social media, sales promotions and attracting LINE members to stores. - FY2022-Q2Strong general consumer demand coexisting with declining business demandAnnual report
「Although sales to related businesses continued to be affected by shorter restaurant hours, closures and event cancellations, awareness increased as the company was featured in many media outlets and its PB products became topics of discussion on social media, while usage frequency among general consumers remained strong.」
While demand from businesses related to restaurants and events continues to decline, media exposure and PB products becoming topics of discussion on social media have increased awareness, and usage frequency among general consumers remains strong. - FY2022-Q1Continued demand for meals prepared at home alongside divergent impacts by businessAnnual report
「In the Gyomu Super business, demand from businesses has continued to decline due to voluntary suspension of restaurant operations and event cancellations. However, demand for meals prepared at home remained high during the pandemic, and the frequency of use by general consumers remained strong, helped by greater awareness resulting from TV features on Gyomu Super and PB products becoming topics of discussion on social media.」
While strong demand for meals prepared at home and high usage frequency among general consumers continue, demand from businesses related to restaurants and events is declining. The impact of demand is diverging within the food business. - FY2021-Q3AdvancedAnnual report
「In the supermarket business, demand that would normally have existed declined as people successively refrained from traditional annual events such as returning to their hometowns for Obon and the year-end/New Year holidays. However, demand for meals prepared at home increased as people refrained from going out to prevent the spread of infection, and the business performed well on bulk purchases of business-use products and produce and meat products.」
Stronger demand for meals prepared at home as people refrained from going out continued to drive performance in the food business. Cumulative sales for the first 3 quarters increased 6.4% in the supermarket business, 17.1% in the Gyomu Super business and 7.9% in the home-delivered ingredients business. - FY2021-Q2AdvancedAnnual report
「In the supermarket business, sales of prepared foods and alcohol were sluggish due to the cancellation of events such as summer festivals. However, demand for meals prepared at home increased as people refrained from going out and ate out less, while customers made more bulk purchases of business-use products and fresh foods such as produce, meat and seafood, which are among our distinctive offerings. As a result, the average spend per customer increased and sales rose substantially from the previous year.」
Driven by stronger demand for meals prepared at home, sales in the supermarket, Gyomu Super and home-delivered ingredients businesses increased 7.8%, 18.3% and 9.0%, respectively, year on year. Revenue growth in the food business driven by demand for meals prepared at home continues and is gaining momentum. - FY2021-Q1AdvancedAnnual report
「Sales increased in the supermarket, Gyomu Super and home-delivered ingredients businesses due to stronger demand for meals prepared at home.」
The company reconfirmed that demand for meals prepared at home drove sales growth in the supermarket, Gyomu Super and home-delivered ingredients businesses in the first quarter. Sales in the respective segments increased 10.7%, 25.2% and 9.1% year on year. - FY2020First statedAnnual report
「However, sales increased in the supermarket, Gyomu Super and home-delivered ingredients businesses due to stronger demand for meals prepared at home.」
Amid the spread of COVID-19, the company has for the first time identified sales growth driven by stronger demand for meals prepared at home as a structural performance factor in its 3 businesses: supermarkets, Gyomu Super and home-delivered ingredients.