Retail bakeries were last covered by Business Values Newsletter, in Issue 101 of October 2007. In recent years there has been a trend of consumers moving away from factory produced white bread, to higher quality fresh baked/artisan breads.
Up until around 5 to 10 years ago, there was also strong growth in some major retail bakery franchise groups. This growth is now curtailed as supermarkets have worked to compete by increasing their freshly baked bread offerings.
INDUSTRY SNAPSHOT
• Current annual revenue approximately $3.7 billion.
• Annual revenue growth 2017 – 2022 approximately 0.3% per annum.
• Predicted annual revenue growth for the next 5 years approximately 1.5% per annum.
• Current profit margin (EBIT) 9%.
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