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4 Buy-Rated Grocery Store Stocks That Will Benefit from the Holiday Season -Breaking

by Mike Robinson

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© Reuters. Four Holiday Season Stocks for Grocery Stores You Can Buy Rated

The holiday season will see increased consumer spending. This should lead to higher sales for grocery retailers, both in physical and online stores. Therefore, we think prominent grocery retailers The Kroger (KR), Albertsons (ACI), Casey’s General Stores (CASY), and Sprouts Farmers (NASDAQ:) could be solid bets now. Let’s discuss.
Despite the rise of COVID-19, inflation, slowdowns in third quarter GDP growth and supply chain jamms in September, retail sales are up since August. October saw a 1.7% increase month-over-month, thanks to decreasing jobless claims as well as rising consumer spending before the holidays.

Although grocery stores continue to face supply chain issues and high costs, rising inflation, growing consumer spending, as well as increased foot traffic and online grocery shopping should be helping them to offset these problems and gain significant holiday sales. According to the National Retail Federation (NRF), retail sales will rise by 8.5%-10.5% in November and December.

Therefore, we think fundamentally sound grocery retailers The Kroger Company (NYSE:), Albertsons Companies, Inc. (ACI), Casey’s General Stores, Inc. (CASY), and Sprouts Farmers Market, Inc. (SFM) could be solid bets now.

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