Although stock prices of publicly-traded food retailers had mixed results last year, most fared better than the overall market. Grocery stocks were stronger in the first half of the year compared to the second, as inflation and economic worries pushed stocks downward.
In 2022 the Dow Jones Industrial Average fell 8.9%, the S&P 500 lost 19.4%, and the NASDAQ fell 33.1%. Grocery stocks included the following:
- Weis Markets – up 24.9%
- SpartanNash – up 17.4%
- Ingles Markets – up 11.7%
- Sprouts Famers Market – up 9.1%
- Grocery Outlet – up 3.2%
- Village Supermarkets – down 0.4%
- BJ’s Wholesaler – down 1.2%
- Kroger – down 1.5%
- Ahold Delhaize – down 16.6%
- Costco – down 19.6%
- United Natural Foods Inc. – down 21.1%
- Natural Grocers – down 35.6%
- Albertsons – down 31.3% (after falling by more than 20% following the merger announcement with Kroger)