3 Food Stocks Ready to Dish Out an Earnings Beat This Season
The earnings cycle is back and food players look fairly placed. While input cost inflation remains a hurdle, favorable demand, efficient productivity and saving measures are likely to have aided companies performances.
Companies have been benefiting from continued recovery in the foodservice channel. Traffic has been picking up at restaurants, cafes and other foodservice joints, which is favoring companies catering to them. Demand from retailers has also been above the pre-pandemic levels, thanks to increased at-home consumption.
Notably, the pandemic has made society even more aware of the importance of consuming healthy and nutritious food by cooking at home. As a result, the demand for organic and fresh food products has been high, acting as an upside for players in the natural food products industry. Increased at-home consumption has also been working well for companies offering packaged food and snacks, ready-to-cook meals, meat-based food offerings as well as confectionery and bakery items.
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