The grocery market is anticipated to grow in 2024, driven by increased retail media ad spend, innovative ad formats, and a flourishing online market. Therefore, investors could consider exploring quality grocery stocks Jerónimo Martins, SGPS, S.A. (JRONY), Natural Grocers by Vitamin Cottage, Inc. (NGVC), and Marks and Spencer Group plc (MAKSY) to safeguard their portfolios.
The stocks have an overall rating of A, equating to a Strong Buy in our proprietary POWR Ratings rating system. They also boast stable dividend payouts and robust profit margins.
