Once-Wilted Grocery Stocks Show Signs of Rebound

Food prices jumped 0.5% in March, the largest monthly increase in three years, as reported by the Labor Department. Food sellers have been hurt by falling prices over the last year, so the rebound, which caps three straight months of steady gains, should be welcome news to grocers that have struggled to maintain profit margins amid fierce price wars.

The activist fund Jana Partners took on a 9% stake in Whole Food Markets (WFM) earlier this year and forced it to shuffle its board of directors and make other changes to boost results. Whole Foods has been trying to shake its reputation as an expensive place to shop, focusing on its smaller 365-brand stores, which sell less expensive products....579 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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