Page 29 - bon-dia-aruba-20200804
P. 29

A29
                                                                                                  BUSINESS Tuesday 4 augusT 2020
            As U.S. milk sales rise amid pandemic, "Got milk?" ads return



            By DEE-ANN DURBIN                                                                                                   "Consumers are still looking
            AP Business Writer                                                                                                  for  the  trusted  favorites,"
            The dairy industry has a fa-                                                                                        McDonald's  President  and
            miliar question for you: "Got                                                                                       CEO Chris Kempczkinsi said.
            milk?"                                                                                                              The  "Got  milk?"  campaign
            Six  years  after  the  popular                                                                                     will  likely  run  through  the
            tagline  was  retired,  "Got                                                                                        end  of  this  year.  Rani
            milk?" ads are back. A dairy                                                                                        wouldn't  say  how  much
            industry-funded group is re-                                                                                        MilkPEP is spending.
            viving the campaign, hop-                                                                                           Rani  said  the  organization
            ing  to  prolong  the  boost                                                                                        debated a lot of taglines for
            milk  has  gotten  during  the                                                                                      the  campaign  but  found
            pandemic.                                                                                                           "Got  milk?"  resonated  the
            U.S.  milk  sales  have  been                                                                                       most. Even teens too young
            in  freefall  for  decades  as                                                                                      to  have  seen  the  original
            choices grew and consum-                                                                                            ads knew the line, she said.
            ers  turned  to  soda,  juices                                                                                      "Sometimes   the   answer
            and  plant-based  alterna-                                                                                          you're looking for is right un-
            tives  like  soy  milk.  Dean                                                                                       der your nose," she said.q
            Foods,  the  nation's  big-
            gest milk producer, filed for
            bankruptcy  protection  in
            November.  Borden  Dairy,
            another  major  producer,    Cows on pasture at the University of Vermont dairy farm eat hay in a Thursday, July 23, 2020 file
            followed with its own bank-  photo, in Burlington, Vt.
            ruptcy in January.                                                                                 Associated Press
            But then came the corona-
            virus  pandemic,  and  milk  like  opening  a  gallon  with  Milk sales saw their biggest  what  consumers  are  look-
            sales saw a sharp rise. Kids  their toes or jumping into a  year-over-year   jump   of  ing for during a pandemic:
            who were no longer having  kiddie  pool  filled  with  milk  21%  in  March,  when  buy-  comfort,  nutrition,  stability
            meals at school were drink-  and  cereal.  In  one  TikTok  ers  were  stocking  up  their  and  versatility.  Social  me-
            ing  milk  at  home.  Adults  spot,  Olympic  gold  med-  pantries. But they remained  dia research showed a 40%
            — no longer commuting —  alist  Katie  Ledecky  swims  elevated even after panic  increase  in  positive  men-
            had time for a leisurely bowl  the length of a pool with a  buying  subsided.  In  June  tions  about  milk  this  year,
            of  cereal.  Many  people  glass of chocolate milk bal-   U.S. milk sales were up 2%.  she said.
            were  buying  milk  to  bake  anced on her head.          Sales  of  milk  alternatives  "It's  been  a  really  excep-
            and cook at home.            There will also be tie-ins with  have  also  risen.  U.S.  sales  tional year," she said. "We're
            Unlike  the  original  "Got  other  brands  like  Hershey,  of  oat  milk  were  up  270%  very  focused  on,  'How  do
            milk?"  campaign,  which  which  will  offer  in-grocery  to  $132  million  in  the  29-  we sustain that demand?'"
            debuted  in  1994  and  was  coupons  when  shoppers  week  period,  Nielsen  said.  Other  brands  have  also
            known for its glossy photos  buy  milk  with  chocolate  Almond      milk,   coconut  noted  that  consumers  are
            of  celebrities  sporting  milk  syrup.                   milk and rice milk also saw  looking  for  comfort  foods.
            mustaches,  the  new  cam-   From  January  through  July  gains. Yin Woon Rani, CEO  McDonald's  said  last  week
            paign  reflects  the  age  of  18, U.S. milk retail sales were  of  MilkPEP  —  short  for  the  that it will focus on familiar
            social  media.    Television  up  8.3%  to  $6.4  billion,  ac-  Milk  Processor  Education  menu items — not newer in-
            ads  feature  videos  culled  cording  to  Nielsen.  During  Program,  which  is  fund-  novations — when it ramps
            from the Internet of people  the  same  period  last  year,  ing  the  campaign  —  said  up marketing in the second
            doing funny things with milk,  milk sales were down 2.3%.  cow's milk ticks the boxes of  half of this year.

             Clorox becomes 'it' brand in world sheltered in place


            By MICHELLE CHAPMAN          June  30.  That's  up  from
            Sales  at  Clorox  jumped  $1.62 billion a year earlier.
            22% in its most recent quar-  Analysts surveyed by Zacks
            ter  with  millions  of  people  Investment  Research  ex-
            growing    more     vigilant  pected $1.86 billion.
            about  cleaning  routines  in  Clorox  Co.,  based  in  Oak-
            the  pandemic.  The  com-    land,  California,  posted
            pany    also   announced  a  profit  of  $310  million,  or
            Monday that Linda Rendle  $2.41 per share. That's bet-
            will become its CEO in Sep-  ter  than  the  $2  per  share
            tember.                      Wall Street predicted.
            There  was  a  33%  jump  in  For  the  fiscal  year,  Clorox
            sales withing the company  anticipates  sales  growth
            division  that  sells  cleaning  ranging  from  flat  to  low
            products.                    single  digits,  reflecting  sus-
            People  have  loaded  pan-   tained  demand  through      A detail of a label on a bottle of Clorox bleach is displayed in
                                                                      a supermarket, in Walpole, Mass. in a In this Aug. 1, 2011 file
            tries with disinfectant wipes  the  first  half  of  the  year,   photo.
            and sprays, pushing overall  and  a  deceleration  in  the                                         Associated Press
            sales up to $1.98 billion for  back  half,  which  would
            the  three  months  ended  have  a  tough  comparison  to the initial months of the  outbreak. q
   24   25   26   27   28   29   30   31   32