There was a news report yesterday that people who use food banks spend the money they save on junk food. There will always be consumers of junk food, but as the population grows older, there is a tendency for individuals to eat healthier foods, causing the health food industry to increase dramatically over the last decade or so.
However, health food companies such as Hain Celestial Group (HAIN), have moved up 15% in the last six month. The company, which makes and sells natural and organic food products, trades at 33.5 times trailing earnings and 26 times forward earnings. Net income for the latest quarter was up a strong 30.4%, on a 17.5% rise in revenues.
Another healthy health food stock is United Natural Foods (UNFI), a distributor of natural and organic foods. The stock is up around 6.5% for the last half year. It has a forward price to earnings ratio of 32, and forward PE ratio of 26. Latest quarterly earnings were up 23.6% on a 13.9% boost in revenues for the quarter.
A free list of health food stocks, and a list of regular food stocks, is available at WallStreetNewsNetwork.com, which has information on the PE, the forward PE, the PEG, the yield, and the business profile.
Disclosure: The author didn't own any of the above at the time the article was written.