Low inflation tempers 1Q comps at Sprouts

Low inflation tempers 1Q comps at Sprouts

Sprouts Farmers Markets on Thursday said "near zero inflation" kept comparable store sales near the low end of its expected range — and below more optimistic Wall Street expectations — during the fiscal first quarter.

The Phoenix-based retailer reported revenues of $993.2 million for the period, an increase of 16%, and net income of $46.2 million, a 20% increase. Comparable-store sales of 4.8% was near the low end of the company's 4.5% to 5.5% guidance and below analyst consensu

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