Compared to other industries, the food industry is alive and kicking despite the pandemic. Health crisis or not, everyone still needs to eat and drink, if not outside then at home. Clearly, there is no harm in investing in food so keep going! Below are your best food stocks with the best value, fastest earning growth, and most momentum for the last quarter of 2020.
1. Albertsons Companies Inc. (ACI)
Albertsons Companies operates grocery stores and drug retail stores. They sell food, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. In Q1 2020, they reported a net income growth of 1,096.3% on revenue growth of 21.4%. Their digital sales also jumped 276% when the pandemic hit.
2. Ingles Markets Inc. (IMKTA)
This regional supermarket chain offers groceries, non-foods, persihables, and others products that remain essential throughout the pandemic.
3. The North West Co. Inc. (NWTC.TO)
This multinational grocery and retail company is based in Canada. They offer food, family apparel, housewares, appliances, outdoor products, and quick-service prepared food. Their rising earnings show that the business is generating money that will return to shareholders.
4. The Kroger Co. (KR)
In Q2, Kroger reported net earnings growth of 185.7%. Their net income was boosted by a mark-to-market gain on investments of $368 million compared to a mark-to-market loss of $45 million in the same quarter last year.
5. SunOpta Inc. (STKL)
There is no slowing the organic food trend and SunOpta is benefiting from it all. The company operates businesses in the natural and organic food markets. They sell organic grains and seeds, plant-based drinks, raw material ingredients, broths, teas, frozen fruit, nutritional beverages, and other products that your yoga teacher probably buys regularly. In Q2 2020. SunOpta reported net earnings of $777,000 whereas it registered a net loss of $8.9 million in the same quarter last year. The company has grown 10% despite the pandemic.
6. Celsius Holdings Inc. (CELH)
There seems to be a bigger demand for calorir-burning beverages provided by Celsius Holdings. Their products are offered in grocery, drug, convenience, and nutrition stores, plus gyms. The company revenue was reported up 86.3% to a record $30 million. Buy their food stocks if you want a piece of those earnings!