The consumer staples sector comprises companies that enjoy steady demand for their products regardless of business cycles. Despite increased fears of an economic slowdown, investors consider this sector safe since consumers cannot cut back on necessities even in a recession.
Within this resilient sector, Kroger Co. (KR) could be one of the best investment options now, given its fundamental strength and growth prospects. KR operates combination food and drug stores, multi-department stores, marketplace stores, and price-impact warehouses. It runs over 2,726 supermarkets under various banner names in 35 states and the District of Columbia.
