Grocers on Watch as Sprouts (SFM) Files IPO
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Whole Foods (Nasdaq: WFM), National Grocers (NYSE: NGVC), The Fresh Market (Nasdaq: TFM), Village Super Markets (Nasdaq: VLGEA), and others are on watch as the markets wonder: is there room for another grocer.
On Thursday, Sprouts Farmers Market, Inc. (Nasdaq: SFM) filed for a $300 million IPO. The company has been around about 10 years and resides mainly in the Western and Southwestern U.S. Adjusted sales were about $2 billion last year and the company operates under 200 locations.
No word on when the company will go public, but the aforementioned names should be on traders' radars. Sprouts has reported accelerating comparable-store sales over the past three years, moving from 2.3 percent in 2010 up to 9.7 percent for its fiscal 2012 reporting period.
To read the full IPO filing on Sprouts, click here.
On Thursday, Sprouts Farmers Market, Inc. (Nasdaq: SFM) filed for a $300 million IPO. The company has been around about 10 years and resides mainly in the Western and Southwestern U.S. Adjusted sales were about $2 billion last year and the company operates under 200 locations.
No word on when the company will go public, but the aforementioned names should be on traders' radars. Sprouts has reported accelerating comparable-store sales over the past three years, moving from 2.3 percent in 2010 up to 9.7 percent for its fiscal 2012 reporting period.
To read the full IPO filing on Sprouts, click here.
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