Bloomberg News

U.S. Retail-Coffee Sales Rose 17% in 13 Weeks Ended March 25

May 03, 2012

Sales of coffee by U.S. retailers climbed 17 percent to $1.25 billion in the 13 weeks ended March 25 from a year earlier as prices rose and demand increased for single-cup packets, market researcher SymphonyIRI Group said.

Prices per unit sold rose by 86 cents to $6.81 from a year earlier, Chicago-based SymphonyIRI said in an e-mail. The data exclude sales at Wal-Mart Stores Inc. (WMT:US), the world’s largest retailer, as well as club and convenience stores.

Ground coffee accounted for about 64 percent of the sales, followed by single-cup servings with 17 percent, instant coffee with 10 percent, and whole beans with 7.2 percent, the figures show.

Total units sold gained 1.9 percent from a year earlier, with single packets jumping 77 percent, the data show. Units of ground non-decaffeinated coffee sales dropped 4 percent and sales of whole beans declined 0.7 percent, SymphonyIRI said.

The U.S. is the world’s largest coffee consumer.

To contact the reporter on this story: Marvin G. Perez in New York at mperez71@bloomberg.net

To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net


Best LBO Ever
LIMITED-TIME OFFER SUBSCRIBE NOW

Companies Mentioned

  • WMT
    (Wal-Mart Stores Inc)
    • $76.32 USD
    • 0.51
    • 0.67%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus