Private Label Nut Sales Climb

John B. Sanfilippo and Sons reported Wednesday that private label sales of nuts grew in the third quarter from a year earlier, as demand rose and prices fell.

Net sales grew 6.5 percent from the third quarter of fiscal 2012, with sales volume rising 15.6 percent in the quarter. Consumer distribution channel sales brought about half of the sales volume increase.

“The volume increase in the consumer channel was driven by private brand snack volume up by 12 percent, due mainly to lower peanut and cashew prices, plus new distribution gains and in existing private label customer,” CEO Jeffrey Sanfilippo said on a conference call announcing the earnings, according to transcripts from Seeking Alpha.

Private label snacks grew by 2 percent from a year earlier.

“Sales volume for both private brand and branded nut products were favorably affected by an increase in consumer demand for nuts and nut products, due to decreased selling prices and promotions caused by decreased commodity acquisition costs,” Sanfilippo said, according to the Seeking Alpha transcripts.

Did you enjoy this article? Click here to subscribe to Private Label Buyer.

Recent Articles by Chris Freeman

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

September 2014 New Food Products

This month's new food products include cane sugars, barbeque sauce, condiments in squeeze bottles, cinnamon snack seasoning, and jalapeno tzatziki, ice cream, herb toasts, corn puffs, instant coffee, coconut water, and a water enhancer.

Podcasts

Coming with a clear, comprehensive plan was the key to success for Longo Brothers Fruit Markets when the grocer decided to roll out a two-tier private label strategy, Jenny Longo and Robert Koss tell PLBuyer editor Chris Freeman in this podcast.

More Podcasts

Private Label Buyer Magazine

PLB September 2014 cover

September 2014

The September 2014 issue of Private Label Buyer includes a convenience channel update, as well as category insights on frozen store brand trends and health and beauty items. Check it out today!

Table Of Contents Subscribe

Private Label Segments

Which segment of private label will see the biggest growth over the next year?
View Results Poll Archive

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

PLB Marketplace

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40pxgoogle+ icon 40px