Grocery stocks underperform the broad market after a report from the Commerce Department shows...

|By:, SA News Editor

Grocery stocks underperform the broad market after a report from the Commerce Department shows that consumers pared back spending compared to income in March. After catching a lot of M&A chatter earlier this year, the sector is starting to get downtrodden as the ability to pass off higher food and gas prices to thriftier U.S consumers doesn't look promising. Decliners: TFM -5.3%, SWY -2.3%, KR -0.8%, WFM -0.6%.