This retailer now leads your food returns

Article Excerpt

Investors can count food retailers among their best performers since the start of the COVID-19 outbreak in March and as self-isolating shoppers load up on food and other supplies. However, food and beverage producers have struggled with the sudden drop in sales to restaurants. We still like all four of these Consumer-sector stocks—producers and sellers alike. Buy, we see supermarket and drugstore giant Metro as best for your new buying. METRO INC. $58 is a buy. The company (Toronto symbol MRU; Aggressive Growth Portfolio, Consumer sector; Shares o/s: 251.8 million; Market cap: $14.6 billion; Price-to-sales ratio: 0.9; Div. yield: 1.6%; TSINetwork Rating: Average; www.metro.ca) operates 950 grocery stores and 650 drugstores, in Quebec, Ontario and New Brunswick. Metro is seeing higher sales as consumers load up on food and other items during the COVID-19 lockdowns. As part of its efforts to protect the health of its employees and customers during the pandemic, Metro has made several changes: it has reduced its hours, increased the frequency of cleaning…