The food industry is comprised of companies that are primarily focused on offering food and non-alcoholic beverage products. It includes grocery stores, food distribution companies, and other companies offering consumer staples that consumers either eat or drink. It does not include restaurant businesses, many of which are considered cyclical because consumers tend to dine out less during economic slumps. Companies in the food industry include National Beverage Corp. (FIZZ), Darling Ingredients Inc. (DAR), and B&G Foods Inc. (BGS).
Food stocks are best represented by the S&P Food & Beverage Select Industry Index, even though this index includes companies offering alcoholic beverages. The index has underperformed the broader market over the past 12 months, providing a total return of 8.3% compared to the Russell 1000’s total return of 13.3%, as of September 18, 2020. All statistics in the tables below are as of September 21.
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