July Fourth Holiday Delivers a Sales Boost for the Floral Department
The Results for the Weeks Ending July 14th 2024.
Sales for the weeks ending mid-July were a little more than $500 million. The four weeks generated a gain of 3.2%, which was a reversal from the 2% decline seen in the prior four-week period.
Importantly, where unit sales had been down year-on-year during the past few data periods, unit sales grew by 1.0% during the four weeks ending mid-July.
Annually, floral generated more than $9 billion in sales, which is up 5.0% in dollars with continued year-over-year gains for units as well. The 1.3% unit growth signals that even though consumers are dealing with financial struggles, flowers remain an important part of life.
STATE OF FLORAL
Floral Department |
Dollar Sales |
Dollar % Change vs. Year Ago |
Unit Sales |
Unit % Change vs. Year Ago |
4 weeks | $508.7M | +3.2% | 53.6M | +1.0% |
52 weeks | $9.3B | +5.0% | 902M | +1.3% |
Source: Circana, Integrated Fresh, MULO, 4 and 52 weeks ending 7/14/2024
Sales by Type
Bouquets and Roses Have the Strongest Year-on-Year Performance.
Roses and bouquets are the two biggest contributors to sales. While virtually the same in size, roses had a far higher increase in year-over-year unit sales, at +10.4%.
The unit performance was very mixed in August. Roses, bouquets, consumer bunch, arrangements and holiday bouquets sold more, but others experienced sales declines. Outdoor plants, for instance, had a 6.7% decline in unit sales.
TOP PERFORMING COMMODITIES
4 w.e 7/14/2024 | Price per unit | % Change vs. year ago |
Floral Department |
$9.48 |
+2.2% |
Roses | $12.66 | -0.7% |
Bouquets | $12.68 | +5.2% |
Outdoor plants | $6.62 | -3.3% |
Potted plants | $9.84 | +3.2% |
Consumer bunch | $6.49 | +0.2% |
Arrangements | $30.22 | -1.0% |
Bulbs | $2.30 | +5.6% |
Holiday | $6.49 | -110% |