3 Stocks to Buy on Solid Jump in Online Grocery Sales
Ingredion(INGR) ZACKS·2024-08-20 21:31
Inflation has been cooling as food prices have eased substantially over the past few months. Consumer spending on necessities showed resilience last month, with online grocery sales ticking up again. According to the monthly Brick Meets Click/Mercatus Grocery Shopper Survey, online grocery sales in July totaled $7.9 billion, climbing 9.2% year over year. Delivery sales jumped a whopping 22% in July, driven by continued promotional efforts. Ship-to-home also came in impressive, increasing 6%, while pickup re ...