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Directions Newsletter

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:

  • Food manufacturer operating margins were 5.6 percent in the third quarter, equal to the five-year 2011-2015 average of 5.6 percent.

  • Food distributor operating profits jumped by 8 percent in the same period.

  • 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.

  • Grocery price deflation continued for the second straight month in October 2016.

  • Canadian food manufacturers passed along consumer packaged goods (CPG) price increases of about 1 to 2 percent during 2016.

  • November 2016 price declines in Canada were nearly universal across all grocery items.

  • Consumer confidence bounced back sharply in November.

  • 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

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