Sprouts39 secondquarter sales of 1 billion fell below estimates of 11 billion

Sprouts' second-quarter sales of $1 billion fell below estimates of $1.1 billion.

Deflation cools Sprouts sales in 2Q, profits up

Persistent price deflation triggered sales and comp gains that came in below expected ranges for Sprouts Farmers Market in the second quarter, while profits increased, the retailer said Thursday.

Sales of $1 billion, a 14% increase, and comps of 4.1% came in below consensus analyst estimates of $1.1 billion and 4.5%, respectively.

The Phoenix-based retailer had previously forecast 4.5% to 5.5% comp growth for the year, but adjusted that figure Thursday to a range of 3%

Register to view the full article

TAGS: News
Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.