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Avocado Regional Composite West Region 2012 YTD Q2 (January – June) Prepared by: Fusion Marketing. Methodology. Sales and Market Data is obtained using CAST (Category Avocado Sales Trend)
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Avocado Regional Composite West Region2012 YTD Q2 (January – June) Prepared by: Fusion Marketing
Methodology • Sales and Market Data is obtained using CAST (Category Avocado Sales Trend) • Symphony Information Resources Inc. Group (SymphonyIRI Group) gathers chain-wide sales across all RMAs (Retail Market Areas) • Regional figures include data collected from all reporting retailers, as well as imputed data (non-reporting retailers such as club, warehouse and independent stores) for a total of 100% of retail sales for the area • Data is entered into CAST system • Using CAST, data is queried and reported • 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 • Analysis is based on a Calendar Quarters unless otherwise noted • Total U.S. totals and averages utilized in comparisons includes all U.S. regions • Retail data provided by SymphonyIRI Group / FreshLook Marketing • Important Note: SymphonyIRI Group / FreshLook Marketing periodically restates retail data, therefore this review cannot be compared or used in conjunction with prior reviews
West Region HighlightsYTD Q2 • Overview based on the following markets: • Boise, ID; Denver, CO; Las Vegas, NV; Phoenix, AZ; Portland, OR; Seattle, WA; Spokane, WA • West Overview • Avocado retail dollar average trends through Q2 outpaced Fruit and Produce retail dollar trends in 2012 vs 2011 and its 2012 trend exceeded 2010 Fruit by +7 points and 2010 Produce by +9 points • Category dollars grew for 2 consecutive years, for net growth of +12% from 2010 to 2012 • Category units net growth from 2010 to 2012 was +6% • Category average selling price (ASP) in 2012 was +5% higher than the 2010 ASP • West Per Store Averages • 2012 Average dollars of $8,662 per store were +5% higher than 2011 and +13% higher than 2010 • 2012 Average units of 9,574 per store were +25% higher than 2011 and +7% higher than 2010’s average of 8,924 units per store • West versus Total U.S. trends • West’s 2012 category dollar trend of +6% was -3 points lower than the national average • West’s 2012 category unit growth of +26% was -10 points lower than the national average • West’s 2012 category ASP of $0.90/unit was -1% lower than the national average of $0.91/ unit
WestYTD Q2 Retail Dollar Trend ComparisonsAvocados vs. Fruit vs. Produce • Avocado retail dollar average trends through Q2 outpaced Fruit and Produce retail dollar trends in 2012 vs 2011 and its 2012 trend exceeded 2010 Fruit by +7 points and 2010 Produce by +9 points • 2011 versus 2010, Avocados outpaced Fruit by +1 point and was in-line with Produce • 2012 versus 2011, Avocados outpaced Fruit by +5 points and Produce by +8 points • 2012 versus 2010, Avocados dollars grew +12% which outpaced Fruit by +7 points and Produce by +9 points
WestYTD Q2 Avocado Retail Overview • Category dollars grew for 2 consecutive years, +5% in 2011 and +6% in 2012 for a net growth of +12% over 2010 • Category units declined -16% in 2011, but grew +26% in 2012 for a net growth +6% over 2010 • Category average selling price (ASP) increased +25% in 2011, but declined -16% in 2012 to $0.90/unit • 2012 ASP was +5% higher than the 2010 ASP
West vs. Total U.S.YTD Q2 PLU Comparisons • West’s category unit growth of +26% was -10 points lower than the national average • West’s growth was primarily driven by PLU 4046 which grew +16.1 million units • West’s category dollar trend of +6% was -3 points lower than the national average • West’s growth was primarily driven by PLU 4046 which grew +$3.2 million • West’s 2012 category ASP of $0.90/unit was -1% lower than the national average of $0.91/ unit
WestYTD Q2 Category Per Store Averages • In 2012, per store dollar and unit averages exhibited growth from 2011 • 2012 Average dollars of $8,662 per store were +5% higher than 2011 and +13% higher than 2010 • 2012 Average units of 9,574 per store were +25% higher than 2011 and +7% higher than 2010’s average of 8,924 units per store
West2010 through Q2-2012Per Store Averages by Quarter: Units vs. ASP • Average Retail Units Per Store • The peak quarter was 2010-Q2 at 5,803 units per store when ASP was $0.88/unit • The lowest quarter was 2011-Q3 at 3,556 units per store when ASP was at its highest point of $1.40/unit • ASP • Lowest ASP to date occurred during 2010-Q1, $0.84/unit • Highest ASP to date occurred during 2011-Q3, $1.40/unit
West Region HighlightsYTD Q2 • Overview based on the following markets: • Boise, ID; Denver, CO; Las Vegas, NV; Phoenix, AZ; Portland, OR; Seattle, WA; Spokane, WA • West Overview • Avocado retail dollar average trends through Q2 outpaced Fruit and Produce retail dollar trends in 2012 vs 2011 and its 2012 trend exceeded 2010 Fruit by +7 points and 2010 Produce by +9 points • Category dollars grew for 2 consecutive years, for net growth of +12% from 2010 to 2012 • Category units net growth from 2010 to 2012 was +6% • Category average selling price (ASP) in 2012 was +5% higher than the 2010 ASP • West Per Store Averages • 2012 Average dollars of $8,662 per store were +5% higher than 2011 and +13% higher than 2010 • 2012 Average units of 9,574 per store were +25% higher than 2011 and +7% higher than 2010’s average of 8,924 units per store • West versus Total U.S. trends • West’s 2012 category dollar trend of +6% was -3 points lower than the national average • West’s 2012 category unit growth of +26% was -10 points lower than the national average • West’s 2012 category ASP of $0.90/unit was -1% lower than the national average of $0.91/ unit
Appendix • Retail scan data is collected and entered into CAST approximately every 4-6 weeks • Data collection began in 1997 • Data is collected and distributed by Symphony Information Research, Inc. Group (SymphonyIRI Group) / FreshLook Marketing • Data is scrubbed and reviewed for accuracy prior to entry • Total U.S. totals and averages utilized in comparisons includes all U.S. regions • Other data is analyzed by CA Avocado Commission’s Data Analyst (Fusion Marketing) in conjunction with CAC personnel • Analysis is based on a Calendar Quarters unless otherwise noted