Although rampant inflation has thinned Americans’ wallets over the past year, it has benefitted the food makers and retail sectors that have enjoyed high-profit margins from the rising prices. In this article, we take a closer look at three fundamentally sound food maker stocks, namely Danone S.A. (DANOY), Ingredion Incorporated (INGR), and SpartanNash Company (SPTN), to help you determine whether they are worth buying.
In the wake of the current market tantrums and changing consumer preferences, the food makers industry has shown resilience and stability due to the inelastic demand for its offerings. The global food market is already worth more than $9 trillion in 2023 and continues to expand at a healthy rate with the growing population.
