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We are adding both Grocery Outlet and Sprouts Farmers Market to our Best Idea Long list.
Investors are too focused on lapping the stay at home restrictions and missing the long-tailed changes in consumer shopping behavior from the COVID-19 pandemic.
- Consensus estimates are too low, because they imply an elevated level of grocery spend only through the end of the calendar Q2.
- Both companies' multiples do not reflect their unit growth potential and the scarcity of companies with open-ended store growth opportunities.
- Second wave or just a continuing wave, both companies are positioned to grow above current projections with or without another lockdown.
We will outline our case for going long both companies as well as a deep dive into industry fundamentals with insights into current developing trends.
We will also explain why we left Kroger on our Long Bias list.
Participating Dialing Instructions
Toll Free:
Toll:
UK: 0
Confirmation Number: 13705315
For webcast and materials: CLICK HERE
