The grocery industry’s growth prospects appear appealing with the rising consumer expenditure, urbanization, and technological advancements. Therefore, I think fundamentally sound grocery stocks The Kroger Co. (KR), Albertsons Companies, Inc. (ACI), and Village Super Market, Inc. (VLGEA) could be ideal buys for monthly gains.
The global grocery retail market is projected to reach $14.77 trillion by 2030, growing at a CAGR of 6.9%. Various consumer-oriented features of grocery retail stores, such as fair price, quality, variety of products, and convenience, help them stay competitive in the defensive industry.
