RBC Capital Cuts Price Target on Sprouts Farmers Market (SFM) Following 2Q Results
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Sprouts Farmers Market (SFM) Reports In-Line Q2 EPS, Trims Guidance, Announces Leadership Succession
August 6, 2015 4:25 PM EDTSprouts Farmers Market (NASDAQ: SFM) reported Q2 EPS of $0.22, in-line with the analyst estimate of $0.22. Revenue for the quarter came in at $902.2 million versus the consensus estimate of $900.96 million. Comps increased 5.1%.
Q3 comps are seen at 4%-5%.
Sprouts Farmers Market sees FY2015 EPS of $0.80-$0.82, versus prior guidance of $0.84-$0.87 and the consensus of $0.85. It sees FY comps of 4%-5%.
Sprouts Farmers Market, Inc. (Nasdaq: SFM) today announced that, effective August 6, 2015, as part of the company's established leadership succession plan, Doug Sanders, the company's... More
Sprouts Farmers Market (SFM) PT Trimmed to $38 at RBC Capital Ahead of Results
August 6, 2015 10:06 AM EDTRBC Capital analyst William Kirk lowered his price target on Sprouts Farmers Market (NASDAQ: SFM) to $38.00 (from $40.00) ahead of Q2 results but maintained a Outperform.
"believe persistent produce deflation, particularly Fresh Fruit, puts this quarter at risk," Kirk commented. "We are lowering our comparable... More
