The producer price index for food was up 13.4% in the year ended in February.
I researched and found Kroger and Albertsons are the ultimate winners. Both were up by 50% and 80% as compared to last year
But then there are significant players like Costco that need to be kept in mind.
The “snap test” is something David Gardner frequently discusses. Would anyone notice if you just snapped your fingers and these firms vanished?
All of the firms you highlighted, in my opinion, would be missed, making them strong foundations for a defensive portfolio - as well as good inflationary hedges.