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SJM - J.M. Smucker: Riding The Grocery Craze Momentum Higher
J.M. Smucker Company
With the pandemic keeping many consumers home for what is going on weeks in some areas, companies that sell grocery items have seen a surge in business. The rush for consumers to stock their kitchen pantries has generated a large boost in traffic across the consumer staples sector. Retail giant Walmart (WMT) reported a 20% jump in sales for March. Meanwhile, The Kraft Heinz Company (KHC) reported its most recent quarter and blew past analyst sales estimates. It's becoming clear that many food stocks (and the companies that people buy food