Takeaway: Join us today Oct. 28th at 2PM ET for an update on our grocery sector themes.

We still see the shift to food at home consumption for longer, but investors need to be more discriminate on the companies. 2020 is a record year for the grocers, but we have come to the conclusion that the market does not care, so we are looking out to 2021. 2021 has different headwinds and tailwinds that we will go through in detail in our presentation.

We lowered Sprouts Farmers Market (SFM) from a Best Idea Long to Long Bias and added Kroger (KR) as a Best Idea Short. Grocery Outlet (GO) and Albertsons (ACI) remain Best Idea Longs.

A summary of our changes is as follows:

Happening in 10 minutes | Grocery Themes Black Book - GroceryOctbullets

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