Are Consumer Staples Stocks Lagging Local Bounti (LOCL) This Year?

Group 1 - Local Bounti Corporation (LOCL) is outperforming the Consumer Staples sector with a year-to-date gain of approximately 68.1%, while the sector average is only 0.8% [4] - LOCL is ranked 12 in the Zacks Sector Rank, which includes 177 companies, indicating a relatively strong position within the Consumer Staples group [2] - The Zacks Rank for LOCL is 2 (Buy), reflecting positive analyst sentiment and a favorable earnings outlook, with a 30.4% increase in the consensus estimate for full-year earnings over the past 90 days [3][4] Group 2 - Local Bounti Corporation is part of the Agriculture - Operations industry, which has seen a decline of about 10.4% year-to-date, highlighting LOCL's relative strength in this sector [6] - Another stock in the Consumer Staples sector, Primo Brands (PRMB), has a year-to-date return of 7.2% and a Zacks Rank of 1 (Strong Buy), with a 51.4% increase in the consensus EPS estimate over the past three months [5]