Search
Why the Yowie Group Ltd share price is rocketing today
By Sean O'Neill - May 3, 2016 | More on: YOW
Chocolatier Yowie Group Ltd (ASX: YOW) released another positive announcement to the market this morning, following on from a string of positive announcements in recent weeks. Yowie has previously announced it was the #3-selling chocolate in the whole of the US, its recent quarterly report, and a successful ramp-up of production at its new manufacturing location.
0
mce-anchorinShare
Today’s announcement revealed that Yowie had gained access to the Eby-Brown Smart Store Program, which is a category management program aimed at lifting sales in independent convenience stores in the USA.
As a result, Yowie has been added to Eby-Brown’s planogram, which will lead to progressive stocking of Yowie’s products over time as convenience store retailers reset their shelf layout. Yowie was recently identified as the #1 selling item in dollar sales per convenience store per week for the 13 weeks to 26 March 2016, and today’s announcement is a direct result of that performance.
The announcements have been enough to lift Yowie from its 52-week low of $0.57, to today’s prices of $0.91 per share – an increase of 43% in the past month alone.
Now What?
Yowie has previously stated that it is placed in only 3.7% of US convenience stores, and by my calculations, today’s announcement means that Yowie will eventually be placed in around 10% of US convenience stores. This is based on the USA’s National Association of Convenience Stores (NACS) 2016 estimate of 154,195 stores.
Convenience stores sell fewer Yowie units than big department stores like Walmart do, however, Yowie’s #1 performance in this market to date gives it an above average shot at growing placement in this market. A broader sales network and (hopefully) consumer recognition could be a positive once Yowie begins looking at content like books, movies, and merchandising.
- Forums
- ASX - By Stock
- YOW
- Motley Fool on YOW
Motley Fool on YOW
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add YOW (ASX) to my watchlist
|
|||||
Last
2.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.734M |
Open | High | Low | Value | Volume |
2.5¢ | 2.5¢ | 2.5¢ | $2 | 60 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 41021 | 2.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.8¢ | 154722 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 41021 | 0.025 |
1 | 1500 | 0.024 |
2 | 38494 | 0.023 |
1 | 45499 | 0.022 |
1 | 95383 | 0.021 |
Price($) | Vol. | No. |
---|---|---|
0.028 | 154722 | 3 |
0.029 | 156545 | 1 |
0.030 | 102764 | 5 |
0.032 | 187876 | 1 |
0.034 | 19500 | 1 |
Last trade - 14.53pm 16/08/2024 (20 minute delay) ? |
Featured News
YOW (ASX) Chart |