Everyday Floral Sales Fell Short of Last Year’s Strong Results
The Results for the Weeks Ending June 16th 2024.
Sales for the weeks ending mid-June fell back in line with the typical non-holiday quad-week period. The four weeks generated $785 million, which was down about 2% from the same four weeks last year.
Unit sales experienced greater pressure. At just under 90 million units, sales dropped 6.2% from the same four weeks in 2023.
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 year was off to a very strong start, which is keeping units in the plus despite some declines in recent months.
STATE OF FLORAL
Floral Department |
Dollar Sales |
Dollar % Change vs. Year Ago |
Unit Sales |
Unit % Change vs. Year Ago |
4 weeks | $784.5M | -2.1% | 88.7M | -6.2% |
52 weeks | $9.3B | +5.0% | 889.8M | +1.0% |
Source: Circana, Integrated Fresh, MULO, 4 and 52 weeks ending 6/16/2024
Inflation Across Floral Segments.
Floral prices had leveled off at the beginning of the year, but increased in
the quad-week period. The average price per unit was $8.85, which was
up 4.3% versus year ago. Only outdoor plants experienced slight
deflation, whereas prices for bouquets increased by 6.4% in the quadweek
period.
TOP PERFORMING COMMODITIES
4 w.e 6/16/2024 | Price per unit | % Change vs. year ago |
Floral Department | $8.85 | +4.3% |
Outdoor plant | $7.05 | -0.7% |
Bouquets | $13.03 | +6.4% |
Roses | $13.35 | +3.1% |
Potted plants | $9.66 | +3.0% |
Consumer bunch | $6.74 | +2.2% |
Arrangement | $29.55 | +1.7% |
Bulb | $3.59 | -4.3% |
Holiday | $6.78 | -5.9% |