This Grocery Stock Has Crushed the Market Over the Past 3 Years
Few investors follow the grocery space. Most would rather pile into sexy internet stocks (or today, maybe "artificial intelligence" companies) so they can get in with the hot new idea taking over the market. But for those looking to invest off the beaten path, grocery stocks are a great place to look for promising investments. The U.S. grocery market is inflation-resistant, has grown every year except 2009 for the last 30 years, and is closing in on $1 trillion in annual sales.
A large underfollowed industry can create the opportunity for fantastic stock returns, as long as you have the patience to buy and hold for the long haul. One grocery stock few people know about that has handily beaten the market over the past three years is Sprouts Farmers Market (NASDAQ: SFM), a health food chain prepping for a major expansion across the United States. Here's why this niche grocery chain has done so well for investors and why the business has a ton of growth potential.
Source Fool.com