Wells Fargo weighs in on c-store channel dollar sales data for the period ending Dec. 30, 2017.
Wells Fargo Securities reported that U.S. convenience store channel dollar sales were $7.9 billion, reflecting a modest +1.3% year-over-year growth during the four-week period ending Dec. 30, 2017 (vs +1.1% for 12-weeks; -0.3% for 52-weeks).
Dollar sales growth for each major category is as follows:
Cigarettes -0.2% (vs +0.5% for 12-weeks; +0.8% for 52-weeks);
Beer-FMB (Flavored Malt Beverage)-Cider +0.3% (vs -0.3% for 12-weeks; +0.7% for 52-weeks);
Carbonated soft drinks, (CSDs) -3.5% (vs -4.4% for 12-weeks; -2.8% for 52-weeks); Energy +5.1% (vs +3.1% for 12-weeks; +2.3% for 52-weeks);
Salty Snacks +5.2% (vs +4.9% for 12-weeks; +5.3% for 52-weeks).
“Overall, while c-store results are showing modestly encouraging results in some categories (including Energy and Salty Snacks), overall c-store results remain pressured,” noted Senior Analyst Bonnie Herzog.
