Sprouts reports 7 week sales of $341M, comps +13.7%

|About: Sprouts Farmers Market (SFM)|By:, SA News Editor

Sprouts Farmers Market (SFM) announces that sales for the seven weeks ended Nov. 17 totaled $341M, driven by comparable store sales growth of 13.7%. The company attributes the results to "continued momentum in customer traffic and basket size ... strong across geographies, vintages and departments."

Management expects gross margins for the full year to meet its expectations of 29.5%-29.7%.

The disclosure comes on the back of a delay of a $1B secondary, which was temporarily shelved due to a poor Q3 report by peer The Fresh Market.