I was at an Ocean State Job Lot store this afternoon. Ocean State sells inventory overages, distressed products, and other inexpensive items. Walmart is upscale compared to Ocean State.
Kettle chips were for sale. A variety of Diamond nuts in various flavors were for sale.
I don't know if this is a one-off event or part of a much larger problem at Diamond.
If idiotic posts like this don't signal a bottom, I don't know what will?
One thing that will never be in doubt about Diamond is how hot their products are. One thing they are good at is marketing.
As products approach their expiration date they end up discounted if they are at a Safeway for example or shipped in bulk to discount stores if they are at Whole foods that keeps a certain image level.
Same applies to bread, bakery items and so on...
No big deal, it happens everyday to lots of products.
Amen to that! I usually have 2 bags stashed away at my workplace at any given time. I would liken them more to Ben & Jerry's than See's though, they've got a flavor to pair with any meal.
Someone above mentioned Whole Foods and I can atest as a daily customer that Kettle Chips command the largest shelf space.
I've heard of SEE's Candy; never have consumed, but Uncle Warren owns this company, right?
I'm perplexed why some longs would think Uncle Warren would be interested in DMND; I say NO WAY.
Here's a brief primer on Buffett type stocks; full disclosure: I'm long SWK.
Prime - did you happen to notice if the sale items were short dated or past the freshess date? I'm not sure but would expect their chips have a relatively short shelf life and they have to reset the shelves for freshness routinely. If those, I think this is just a normal on-going cost of the business.
Intersting enough, that's why Pringles comes in cans - those suckers last a long time in that can!
Sorry Dave, I did not take notice of the expiration date. The Kettle chips had crisp packaging. The Diamond nuts had dog-eared packaging which means it has been moved around a lot.
A company that wants to protect its brand would trash out of date product. Why? It cost more but you don't have consumers seeing the product in a venue it should not be in.
I'd say having Tia Chips and Kettle products frequently on sale may be a problem for these brands margins.
Anyone else peruse the chip aisles of their favorite food store? Do you ever see the above brands on sale or is this phenomenon unique to my area?
Not a good analogy. Strip joints are a big venue for beer. You can get upscale beer such as Sam Adams, Heineken. Bass Ale, etc.. Nobody connects the dumpy environment with the beer.
If your product ends up in Ocean State, it means something went wrong. It could be only excess inventory.