Temporary sales increase from stay-at-home consumption during the COVID-19 pandemic
First written in FY2020-Q3. 4 of 11 entries say "Restated". Latest entry: FY2024-Q1.
Daiichi moved to the "Worse" side of this theme in 2022, 1 year before the typical company in this theme (2023).
The whole theme swung hardest in 2023: 5 of 15 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2024-Q1WorsenedAnnual report
「The supermarket industry remains challenging due to a prolonged period of high prices, which has further strengthened customers’ cost-consciousness and tendency to refrain from purchasing, as well as increases in various expenses and intensifying competition across industries and business formats.」
The risks in the demand environment have shifted from the previous focus on stay-at-home consumption and demand for at-home meals during the COVID-19 pandemic to the further strengthening of thrift and the tendency to hold back on purchases due to prolonged high prices. - FY2023ReframedAnnual report
「In addition to further diversification in customers' lifestyles and needs following restrictions on activity and other measures related to COVID-19, repeated price increases have further strengthened customers' preference for selective purchasing and thrift.」
The description of the demand environment has shifted from the previous focus on stay-at-home consumption and demand for at-home and ready-to-eat meals to the diversification of lifestyles and needs following the lifting of activity restrictions, and the strengthening of preferences for selective purchasing and thrift. - FY2023-Q2ReframedAnnual report
「In the supermarket industry, the benefit from demand for at-home and ready-to-eat meals was maintained throughout the past year,」
While the description has broadened from a focus on demand for at-home meals to the continued benefit from demand for at-home and ready-to-eat meals during the previous fiscal year, it also indicates a challenging demand environment due to rising prices. - FY2023-Q1ReframedAnnual report
「While the supermarket industry continues to benefit from demand for at-home meals,」
The description of the demand environment has shifted from the previous temporary increase in demand driven by stay-at-home consumption to the continued benefit from demand for at-home meals. - FY2022-Q1WorsenedAnnual report
「The effect of the increase in demand that had supported the temporary rise in sales from stay-at-home consumption while people refrained from going out has weakened, and intensifying price competition among companies has resulted in a persistently challenging business environment.」
The company states that the effect of the increase in demand that had supported the temporary rise in sales from stay-at-home consumption has weakened and that price competition has intensified. - FY2021ReframedAnnual report
「Sales increased 3.3% from the same period of the previous year as a result of responding to demand for infection-prevention products and for home meals and ready-made meals, as well as ongoing efforts to improve store displays in line with weekly sales plans and continuously enhance product assortments, services and customer service to meet customer expectations.」
In addition to previous stay-at-home demand, the company identifies its response to demand for infection-prevention products and home meals and ready-made meals as factors contributing to higher sales. - FY2021-Q3RestatedAnnual report
「Sales increased 2.9% from the same period of the previous year as a result of responding to demand for infection-prevention products and stay-at-home consumption, as well as ongoing efforts to improve store displays in line with weekly sales plans and continuously enhance product assortments, services and customer service to meet customer expectations.」
The company reaffirmed that its response to demand for infection-prevention products and stay-at-home consumption, together with its store-operation measures, contributed to higher sales, alongside sales growth of 2.9% year on year. - FY2021-Q2RestatedAnnual report
「Net sales increased 3.1% from the same period of the previous year, as a result of increased demand for infection-prevention products and stay-at-home consumption, together with store displays linked to weekly sales plans and ongoing efforts to improve the selection of products, services and customer service to meet customer expectations.」
The company reaffirmed that infection-prevention products and expanding stay-at-home demand contributed to higher sales, alongside sales growth of 3.1% year on year. - FY2021-Q1RestatedAnnual report
「Sales increased 4.8% from the same period of the previous year as a result of expanding sales of infection-prevention products and stay-at-home demand, as well as ongoing efforts to improve store displays in line with weekly sales plans and continuously enhance product assortments, services and customer service to meet customer expectations.」
The company reaffirmed that infection-prevention products and expanding stay-at-home demand contributed to higher sales, alongside sales growth of 4.8% year on year. - FY2020RestatedAnnual report
「In response to COVID-19, stronger “infection-control measures” and increased “stay-at-home consumption” following declarations of a state of emergency and requests for people to refrain from going out led to increased demand for home-meal products and bulk buying, in addition to demand for infection-prevention products such as masks, resulting in higher sales recently.」
The company describes stay-at-home consumption, infection-prevention products, demand for home meals and bulk buying as demand trends under COVID-19 that continued from the previous quarter and contributed to higher sales. - FY2020-Q3First statedAnnual report
「COVID-19 led to an increase in “stay-at-home consumption” as schools closed and people refrained from going out following declarations of a state of emergency. Some daily necessities and food products were purchased in bulk, temporarily increasing sales.」
School closures and requests to refrain from going out following declarations of a state of emergency led to stay-at-home consumption and bulk buying, temporarily increasing sales.