Stock Data
$0.00 (0.00%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
CONSUMER DEFENSIVE
Industry
GROCERY STORES
Sprouts Farmers Market Inc is a Phoenix, Arizona-based retailer specializing in fresh, natural, and organic foods. Known for its wide range of products, Sprouts offers everything from fresh produce, meat, and seafood to bakery, dairy alternatives, and floral. Additionally, it caters to pantry needs with groceries, vitamins, frozen foods, and more. With a focus on health and wellness, Sprouts also provides natural health and body care products, making it a one-stop-shop for conscious consumers looking for quality and variety in their food choices.
Sprouts beat earnings expectations for a fourth straight quarter with a 2% EPS surprise, but same-store sales fell 1% as a cautious consumer environment forced the grocer to rely entirely on new unit expansion to grow the top line. The company opened 7 stores in Q2 and plans 42 net new openings for the full year, offsetting weak traffic with new locations while guiding full-year EPS to $5.32 to $5.40.
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