Goldman Sachs Says Sprouts Farmers Market's (SFM) Guidance Could be Sign of 'Steep Change' in Competitive Environment
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RBC Capital Cuts Price Target on Sprouts Farmers Market (SFM) to $31; Reiterates Outperform
September 9, 2016 7:09 AM EDTRBC Capital maintained an Outperform rating on Sprouts Farmers Market (NASDAQ: SFM), and cut the price target to $31.00 (from $33.00). Sprouts lowered its 3Q and FY16 guidance ahead of presenting at a competitor conference to reflect persistent deflationary pressures and intensified promotional environment. Sprouts... More
Whole Foods Market (WFM) , Kroger (KR) Trade Lower in Sympathy with Sprouts Farmers Market (SFM)
September 7, 2016 7:51 AM EDTWhole Foods Market (NASDAQ: WFM) and Kroger (NYSE: KR) traded lower pre-market in sympathy with Sprouts Farmers Market (NASDAQ: SFM) after it... More
Sprouts Farmers Market (SFM) Trims Q3, FY16 Outlook; Approves $250M Stock Buyback Plan
September 7, 2016 6:58 AM EDTSprouts Farmers Market, Inc. (Nasdaq: SFM) announced updated guidance in advance of participation in the Goldman Sachs 23rd Annual Global Retailing Conference on September 8, 2016. This update reflects the impact of significant ongoing deflation, the stepped-up promotional environment and our cautious outlook for the remainder of the year. Comparable store sales growth for the third quarter ending October 2, 2016 is now expected to be approximately flat. The prolonged deflationary... More
