You Can't Invest In Trader Joe's, But This Mexican Grocery Stock With the Same Business Model Might Be Even Better
BBB Foods is growing rapidly under the radar of most U.S. investors.
Overview
Trader Joe's is one of the most popular supermarket chains in the U.S., and the company has been growing steadily since it opened its first store in California in 1967.
The brand has developed a cult-like following thanks to its low prices, private-label strategy, focus on core products, and a central-kitchen model in which goods like meat, seafood, and bread are prepared off-site rather than in the store.
Details
Trader Joe's is widely believed to be the leader in sales per square foot among national supermarket chains, pulling in an estimated annual sales of $1,750-$2,400 per square foot, which is double that of Whole Foods and about four times that of the average supermarket chain.
Source
Originally published at www.fool.com.