Performance Food pany(PFGC) ZACKS·2024-09-20 14:35Industry Overview - The Zacks Natural Foods Products industry includes companies that manufacture and sell a variety of organic and natural products, including fruits, vegetables, dairy, bakery items, meat, seafood, and packaged meals [3] - The industry is experiencing growth due to increasing consumer health awareness and demand for nutritious products, leading companies to expand product lines and invest in digital capabilities [1][5] Major Trends - There is a significant shift towards healthier eating habits, with consumers prioritizing fresh and organic food choices, which is positively impacting the natural food industry [4] - Companies are diversifying their offerings and expanding market reach through strategic partnerships and acquisitions, focusing on research and development for convenient, flavorful options [5] Financial Performance - The Zacks Natural Foods Products industry has outperformed the broader Zacks Retail - Wholesale sector and the S&P 500 over the past year, with a growth of 59.9% compared to 25.5% and 27.2% respectively [11] - The industry's current forward 12-month price-to-earnings (P/E) ratio is 17.88X, lower than the S&P 500's 21.48X and the sector's 23.28X, indicating potential value [12] Company Highlights - Sprouts Farmers Market, Inc. (SFM): This company has seen a 156.8% increase in stock price over the past year, with a consensus EPS estimate for the current fiscal year rising by 8% to 1.94 to 4.92 to $4.87 [18]