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StockNews.com
Business
Nidhi Agarwal

Unleashing Profits With 3 Grocery Stocks to Watch

COST PSMT Costco Wholesale Corporation Pricesmart Inc

The grocery retail industry is expected to remain resilient due to inelastic demand and attractive discounts offered by online grocery stores. Therefore, I think fundamentally sound grocery stocks Costco Wholesale Corporation (COST), PriceSmart, Inc. (PSMT), and Jerónimo Martins, SGPS, S.A. (JRONY) could be ideal buys for unleashing profits.

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.

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