4 Prominent Stocks to Buy Now as Consumer Spending Soars in March

Core Insights - Consumer spending remained strong in March, with retail sales rising 1.4% month over month to $734.9 billion, following a modest 0.2% increase in February, despite concerns over trade tensions and economic slowdown [1][4] Retail Sales Breakdown - Sales at motor vehicle and parts dealers increased by 5.3%, while building material, garden equipment, and supplies dealers saw a rise of 3.3%. Electronics and appliance outlets experienced a 0.8% increase [5] - Food and beverage stores and clothing stores had increases of 0.2% and 0.4%, respectively, while health and personal care stores rose by 0.7%. Sporting goods, hobbies, musical instruments, and bookstores jumped by 2.4% [5] - General merchandise stores saw a 0.6% increase, miscellaneous stores grew by 0.7%, and food services and drinking places increased by 1.8%. However, furniture and home furnishing stores declined by 0.7%, and gasoline stations saw a decrease of 2.5% [6] Company-Specific Insights - Sprouts Farmers Market, Inc. (SFM): The company is focusing on product innovation, competitive pricing, and expanding its customer base. The Zacks Consensus Estimate suggests growth of 11.9% in sales and 24.3% in EPS for the current financial year [9][10] - BJ's Wholesale Club Holdings, Inc. (BJ): The company is enhancing membership growth and digital innovations, with a focus on omnichannel capabilities. The Zacks Consensus Estimate indicates growth of 5.8% in sales and 4.4% in EPS [11][12] - BJ's Restaurants, Inc. (BJRI): The company is improving guest traffic through better food quality and operational efficiency. The Zacks Consensus Estimate suggests growth of 3.2% in sales and 12.9% in EPS [12][13] - The Kroger Co. (KR): The company is leveraging its private-label offerings and digital expansion to maintain market position. The Zacks Consensus Estimate indicates growth of 1.4% in sales and 6% in EPS [14][15]