RBC Capital Cuts Price Target on Sprouts Farmers Market (SFM) to $29
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Sprouts Farmers Market, Inc. Reports Third Quarter 2016 Results
November 3, 2016 8:58 AM EDTPHOENIX, Nov. 03, 2016 (GLOBE NEWSWIRE) -- Sprouts Farmers Market, Inc. (Nasdaq: SFM) today reported results for the 13-week third quarter ended October 2, 2016.Â
Third Quarter Highlights:
Net sales of $1.0 billion; a 15% increase from the same period in 2015Comparable store sales growth of 1.3% and two-year comparable store sales growth of 7.5%Net income of $24 million and diluted earnings per share of $0.16Net income decreased $8 million from the same period in 2015, and $9 million from adjusted net incomeDiluted earnings per share decreased $0.05... More
