Canadian Food Industry Snapshot: Retail and Food Manufacturing in Late 2016
Toronto – January 19, 2017 – Statistics Canada data shows that the operating profits of food manufacturers in Canada increased by 22 percent in the third quarter of 2016.
The same data also reveals that:
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Food manufacturer operating margins were 5.6 percent in the third quarter, equal to the five-year 2011-2015 average of 5.6 percent.
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Food distributor operating profits jumped by 8 percent in the same period.
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Food distributors had operating margins of 3.6 percent in the third quarter, equal to the five-year 2011-2015 average of 3.6 percent.
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Grocery price deflation continued for the second straight month in October 2016.
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Canadian food manufacturers passed along consumer packaged goods (CPG) price increases of about 1 to 2 percent during 2016.
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November 2016 price declines in Canada were nearly universal across all grocery items.
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Consumer confidence bounced back sharply in November.
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Agricultural commodity price levels were generally lower in November.
|
Retail Sales Revenue |
||||
|
Change vs. Prior Year |
Supermarkets |
Convenience Stores |
Drug Stores |
General Merchandise |
|
September |
2.6% |
4.5% |
7.1% |
3.2% |
|
Latest 12-mon YOY |
0.4% |
3.5% |
6.8% |
3.4% |
|
Manufacturer Sales Revenue |
||||
|
Change vs. Prior Year |
Total Manufacturing |
All Food |
Soft Drinks |
Packaged Foods |
|
October |
-1.0% |
4.7% |
5.6% |
7.9% |
|
Latest 12-mon YOY |
0.3% |
5.4% |
5.8% |
4.6% |
Source: Kevin Grier, Grocery Trade Review, November 2016, www.kevingrier.com