Wells Fargo weighs in on c-store channel sales ending Dec. 2.
U.S. convenience store channel dollar sales were $8.1 billion, reflecting +0.7% year-over-year growth, during the four-week period ending Dec. 2, 2017 (+1.3% for 12-weeks and +0.1% for 52-weeks), according to Wells Fargo and Nielsen data.
Dollar sales growth for each major category was as follows for the same four-week period:
Cigarettes -0.1% (+1.0% for 12-weeks; +0.7% for 52-weeks);
Smokeless tobacco +5.5% (vs. +6.2% 12-weeks);
Beer-FMB (Flavored Malt Beverage)-Cider -0.3% (-0.1% for 12-weeks; +0.5% for 52-weeks);
Carbonated Soft Drinks ( CSDs) were down -4.0% (-3.9% for 12-weeks; -2.9% for 52-weeks);
Energy +2.8% (+2.8% for 12-weeks and +1.8% for 52-weeks);
and Salty Snacks +4.1% (+5.0% for 12-weeks; +4.9% for 52-weeks).
“Overall, while c-store results are showing modestly encouraging results in some categories (incl. Energy and Salty Snacks), overall c-store results remain pressured,” said Wells Fargo Senior Analyst Bonnie Herzog.