潜水简介：
- 而B＆G食品reported large gains in sales在最近一个季度 - 销售额为5.1 20万美元，比去年同期增长了18.5％ - 商品的通货膨胀以及该公司在保存有限供应的努力最终减慢了这一增长，临时首席执行官David Wenner在收入电话中说。
- 尽管销售增长，B＆G仍未在销售，每股收益和利息，税收，折旧和摊销之前的销售额，每股收益和收益达成共识。该公司没有在收益报告中设定新的估计，并说有关消费者行为，社会疏远法规，以容量运营植物的能力和未来食材供应的能力有太多未知因素。B＆G确实预测，需求升高将继续下去，并预计2021财政年度的销售额$2.05 billion to $2.10 billion.
- 大流行已经影响了对消费者端产品的两种需求以及制造商端供应链的效率。问题范围农业工人短缺到port congestionhave made it harder for manufacturers to get the components of their CPG products. With much of the country on lockdown,消费者对产品的需求提高还驱使制造商制造更多。
Dive Insight:
一年前与大流行有关的关闭开始，并且杂货店的货架始终被清空，制造商加大了生产并能够重新填充货架。对于休闲观察者来说，食品工业似乎能够反弹并恢复正常。
But, as B&G's earnings report and the call accompanying it show, there are some pandemic-related issues under the surface that are still threatening to upset the balance of manufacturers' business.
在销售方面，B＆G的领先品牌Green Giant就是一个很好的例子。该品牌在2020财政年度的净销售额约为6.39亿美元，比上一年增长了21.3％，CFO Bruce Wacha表示，随着财年结束的临近，该公司必须放慢销售量冷冻和罐装蔬菜品牌的景象一直持续到夏天。因此，即使第四季度仍然有健康的需求，瓦查（Wacha）表示，绿色巨头的销售仍然持平。温纳说，竞争对手采取了类似的行动，因为去年所有种植者都受到农作物差的影响。
随着消费者继续蔬菜s for their health benefits during this time, Wenner said that no manufacturers have the ability to meet their demands. And, it's highly likely that prices will stay relatively high and selection will stay relatively limited for the next few months, he said.
温纳在电话中说：“以较低的价格出售您的有限库存是疯狂的，因为那时您没有任何库存，直到今年夏末都没有可用的库存。”
Other B&G brands are also nearing scarcity, he said.
“我们在第二季度和第三季度看到了严重的供应链能力问题，我们无法完全满足对提供饮食解决方案的品牌的需求，例如Ortega和Bear Creek。”他在电话中说。他说，就消费者购买的水平，其他制造商正在遇到足够的问题。
With problems like these, food prices for consumers are可能继续攀登for a while. It will take some time for the pantry-loading behavior of the pandemic to slow down, meaning consumers will continue to buy more than they had previously. Food prices in January 2021 were 3.8% higher than the year before — which was still in pre-pandemic times,according to the U.S. Department of Agriculture。The inflation rate for the consumer price index in general was much lower: 1.4%.
While Wenner is interim CEO and has only been in this position自11月中旬以来, this is likely not an issue that a more experienced company leader could have solved. General Mills' leadership also has said it's having problems meeting demand for taco shells, Wenner pointed out.
A company with a portfolio as diversified as B&G is likely to hit some of these issues of shortages and inflation sooner than others because of the diversity of suppliers and ingredients it uses. Since analysts say the post-pandemic consumer will continue some of the same behaviors, supply and inflation problems aren't likely to let up soon. The problems B&G has highlighted could be the first of many that become widespread across the industry as the year goes on — which could require more creativity and capacity to solve.
