Here are some numbers that I've estimated from charts in the two most recent AGM presentations (those that have been released to the market).
Total grocery egg retail sales across Australia, for calendar years (m dozen):
Column 1 Column 2 Column 3 Column 4 Column 5 0 CY ending cage
(m dozen)free range
(m dozen)other
(m dozen)total
(m dozen)1 2010 104 42 14 160 2 2011 101 50 15 166 3 2012 100 60 16 176 4 2013 99 66 16 182 5 2014 96 73 19 188 6 2015 100 80 20 200
Now here are the approximate FRM egg sales, this time for financial years (m dozen):
#: no data is provided for FY2015 or FY2o16 (that I am aware of)
Column 1 Column 2 Column 3 Column 4 Column 5 0 FY ending cage
(m dozen)free range
(m dozen)other
(m dozen)total
(m dozen)1 2010 26 8 1 34 2 2011 23 8 1 31 3 2012 20 12 1 32 4 2013 19 13 1 33 5 2014 16 12 1 29 6 2015 # # # #
It's not a perfect comparison, as we are comparing CY's versus FY's. Nevertheless, a couple of things can be concluded. Firstly, that that FRM's share of caged eggs is dropping substantially (probably a good thing, for a number of reasons, including that it's lower margin). However, it seems to indicate that FRM's share of free-range has not grown rapidly enough to compensate, and has actually probably not been keeping up with the market (thus explaining FRM's fairly flat top line revenue numbers over several years).
So, this does not paint a picture of FRM gaining market share, up to FY2014 (the opposite actually).
Does anyone know if the company has released more recent data, or have any other comment?
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