The grocery industry is expected to grow as a result of increased consumer spending, urbanization, technological advancements, and a growing emphasis on health and wellness.
Given the industry’s growth prospects, investors could consider buying fundamentally sound grocery stocks Jerónimo Martins, SGPS, S.A. (JRONY), Ingles Markets, Incorporated (IMKTA) and Colruyt Group N.V. (CUYTY) for solid returns.
