The 2020 Financial Survey found that independent grocers have fared well generally amid the coronavirus crisis. This is partially due to the strategic investments they made in 2019.
“Independent grocers started to see positive trends pre-pandemic, which is a great sign of the strengthening,” noted Robert Graybill, CEO and president of Florida-based FMS, an accounting solutions firm that works exclusively with the retail grocery industry. “While the overall numbers were up, it was the profit leaders once again driving those increases. Their financial performance and operational execution served as a building block to respond to the extraordinary spikes in traffic, sales and engagement during the COVID-19 pandemic.”