2 Consumer Staples Stocks To Watch In December 2022 – StockMarket.com

StockMarket.com is the #1 resource for all things Stocks. Sign up today for Free!
Consumer staples are goods and services that people buy on a regular basis regardless of their income level or the state of the economy. These products are essential for everyday life, so even when economic conditions become unfavorable, consumers continue to purchase them.
Consumer staples stocks are securities that represent companies in the consumer staples industry. This sector of the stock market includes companies involved in the production, distribution, and sale of essential goods and services needed by the public on a regular basis.
This means that when the economy is doing well, these stocks can perform even better than usual due to increased demand. On the other hand, when the market is down, these stocks can still provide investors with a steady stream of income. Let’s take a look at two consumer staples stocks to check out in the stock market this month.
Leading off, The Kroger Company (KR) is one of the largest grocery store chains in the United States. For a sense of scale, the company operates more than 2,700 stores throughout the U.S. Additionally, Kroger also has a strong presence in the online retail space, with its own website and a number of mobile apps.
Just this month, Kroger reported its third-quarter 2022 financial and operating results. In detail, Kroger reported Q3 2022 earnings of $0.88 per share with revenue of $34.2 billion. For context, Wall Street’s consensus estimates for the quarter were earnings of $0.82 per share and revenue of $34.0 billion. What’s more, the company was able to report a 7.3% increase in revenue versus the same period, in 2021.
Furthermore, Chairman and CEO Rodney McMullen commented, “Kroger achieved strong results in the third quarter as we continue to execute our Leading with Fresh and Accelerating with Digital strategy. Our associates are doing an outstanding job delivering a full, fresh and friendly experience across our seamless store and digital ecosystem.“
So far in 2022, shares of KR stock are up 5.27%, outperforming the broader markets year-to-date. Meanwhile, as of Friday’s closing bell, Kroger’s stock closed the day at $47.57 per share.
[Read More] Stocks To Invest In Right Now? 3 Biotech Stocks To Watch
Next, The Procter & Gamble Company (PG) is an American multinational consumer goods corporation. The company has a diversified product portfolio that includes brands such as Ariel, Gillette, and Oral-B.
In October, PG reported a beat for its Q1 2023 financial results. Diving in, the company announced first-quarter 2023 earnings of $1.57 per share and revenue of $20.6 billion. The street’s consensus estimates for Q1 2023 were earnings of $1.55 per share, and revenue estimates of $20.6 billion. Moreover, the company also reaffirmed its fiscal year 2023 estimates. Specifically, the company said it now estimates earnings of $5.81 to $6.04 per share, while now estimating FY 2023 revenue of $77.78 billion to $79.38 billion.
In the last month of trading, shares of PG stock have rebounded slightly over 12%. Meanwhile, Procter & Gamble stock is set to open Monday morning’s trading session at $150.21 a share.
If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel. CLICK HERE RIGHT NOW!!
Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 | news@stockmarket.com
Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 | news@stockmarket.com
StockMarket.com is the #1 resource for all things Stocks. Sign up today for Free!
Risk Disclaimer: Trading in financial instruments and including but not limited to cryptocurrencies involves high risks. This includes the risk of losing some, or all, of your investment money, and thus may not be suitable for all investors. Prices of penny stocks, cryptocurrencies and other financial instruments are extremely volatile and may be affected by external factors such as financial, promotion, regulatory and political events. If you trade on margin this will increase the financial risks.
Before deciding to buy or sell any financial instrument or cryptocurrencies please make sure that you are properly informed of the risks & costs as well please consider your investment goals, experience level, and risk threshold and please always seek professional advice where needed.
StockMarket.com and any data provider in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Stockmarket.com and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
StockMarket.com may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers. Please read our full disclaimer by clicking here.
Click here to view full chart and company information.
We will also add your email to the StockMarket.com premium newsletter.

source