This Grocery Store Stock Is Crushing It
The grocery-store industry is tough under normal conditions. Margins are thin, products can spoil, and effectively keeping costs down without hurting the customer experience is no walk in the park.
The COVID-19 pandemic was a boon for grocery stores as spending shifted away from restaurants, but now, spending patterns are getting back to normal. Combine that headwind with historically high inflation and recession fears, and you have the makings of a very difficult environment for grocery stores.
Sprouts Farmers Market (NASDAQ: SFM) did well during the pandemic, and the company's unique blend of small stores, a big produce section, and attribute-based products is more than holding up as consumer behavior changes. The company's second-quarter report looked good on every front.
Source Fool.com
