‘Wild Cards’ at Play for Supermarket Stocks

‘Wild Cards’ at Play for Supermarket Stocks

  “If household income takes a knock right out of the gate in January, the question is, what does that mean for supermarket demand? It’s bound to be a negative." — Andrew Wolf, analyst, BB&T Capital Markets

The impact of the restoration of the Social Security tax and the potential for merger-and-acquisition activity are “wild cards” facing the supermarket industry in 2013, as one analyst described the situation.

The 2% Social Security “tax hike” for workers — after a two-year suspension — is akin to a $1 per gallon increase in the price of gasoline, as far as its potential impact on consumer spending, said Andrew Wolf, a Richmond, Va.-based analyst with BB&T Capital Markets

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