Amid an upturn in consumer expenditure and intensified focus on customer experience, the consumer goods industry is poised to grow in 2024. Given this backdrop, fundamentally strong consumer stocks Ennis, Inc. (EBF), Virco Mfg. Corporation (VIRC), and Acme United Corporation (ACU) could be wise portfolio additions now.
The events of the past year have amply demonstrated that consumers display remarkable resilience against challenging economic situations, including soaring inflation, rising interest rates, and heightened recession risks. This resilience bolstered consumer goods businesses encompassing food production, pre-packaged goods, clothing, beverages, automotive, and electronics.
