Let the financial gurus argue over whether we’re headed into an official recession or not. But, either way, groceries are EXPENSIVE, and the consumer is back to credit card debt levels not seen since before the pandemic. This means grocery stores that provide value, like Pricesmart (PSMT), Walmart (WMT), and Natural Grocers by Vitamin Cottage (NGVC) will continue to win business.
Maybe you’ve heard of Pricesmart (PSMT) which used to be part of Costco (COST), (you may know Pricesmart by its original name, Price Club) maybe not. It’s not a common name in the U.S. anymore, as PSMT operates in Central America, the Caribbean, and Colombia. It actually has over 50 warehouse membership stores across these regions.
