According to Grand View Research, the worldwide food and grocery retail business was valued at $11.7 trillion in 2019. One of the major markets in the world has always been grocery shopping and food retailing. We need to eat more healthily because food is such an important aspect of our nutrition. Even the grocery industry was affected by the coronavirus epidemic, but the effects were more varied than in other industries. For example, in the quarter ending on October 31, Walmart Inc reported a stunning 79 percent increase in digital sales. In the year 2020, online grocery sales are expected to account for 74% of all grocery sales in the United States. By 2027, the global food and grocery retail sector is predicted to have grown to $17.3 trillion. Amazon.com, Inc., Alphabet, and Shopify are among the major players in the space.
Insider Monkey takes a look at the 10 best grocery stocks to buy. On the list of the top supermarket stocks to purchase, Metro Inc. is ranked 10th. Fresh grocery products such as baked goods, prepared foods, meats, and general merchandise are available in the company’s food stores, supermarkets, and discount stores. On the list of the top grocery stocks to purchase, Casey’s General Stores, Inc. is ranked 9th. The Casey’s and Casey’s brands are used by the corporation to run convenience stores. It has risen 11.56 percent in the last six months and 11.74 percent this year. On the list of the top supermarket stocks to purchase, BJ’s Wholesale Club Holdings, Inc. is ranked eighth. Perishables, edible grocery, general retail, and non-edible grocery products are available in the company’s warehouse clubs in the United States. On the list of the top supermarket stocks to purchase, Sprouts Farmers Market, Inc. is ranked seventh. The company’s Healthy Grocery Stores sector is its main source of revenue. It is up 32.97 percent in the last six months and 33.37 percent for the year. On the list of the top supermarket stocks to purchase, The Kroger Co. is ranked sixth. A forward PE ratio of 12.8 and a gross profit margin of 23.48 percent characterize the company. It is up 24.29 percent in the last six months and 21.97 percent for the year. For more details, click 10 Best Grocery Stocks to Buy.
