Sales and Profits Up for Grocery Manufacturers
By George Anderson
A new study from the Grocery Manufacturers of America (GMA) conducted by Swander Pace & Company reports the consumer packaged goods industry was able to generate sales and
a return on assets despite operating in a recessionary economic environment.
Industry sales grew 4.6 percent in 2002 compared to just under three percent the year before. The industry’s return on assets reached its highest level in five years based on
results from the 173 private and public companies studied for the report.
The study, Consumer Packaged Goods: Industry Results and Trends, Lessons to Boost Financial Performance, is available for download from the GMA Web site at http://www.gmabrands.com/news/docs/fpr_2003.pdf
Moderator’s Comment: What is your take on the CPG industry results contained in the GMA report?
In bad economic times, the rewards we give ourselves often come in small personal indulgences such as chocolate, a latte or scented candles. [George
Anderson – Moderator]