Sprouts Farmers Market(SFM)- NASDAQ
  • Yesterday, 7:22 AM
    • Jefferies upgrades Sprouts Farmers Marker (NASDAQ:SFM) to a Buy rating from Hold.
    • The investment firm assigns a price target of $24.00.
    • The Jefferies note indicates SFM could prove to be a relative outperformer amid "solid" traffic grains through a healthy promo schedule.
    • Sprouts closed at $19.99 yesterday vs. a 52-week trading range of $18.70 to $30.00.
    | Yesterday, 7:22 AM | 1 Comment
  • Tue, Sep. 27, 1:31 PM
    • Food prices are in one of their longest period of deflation since 1960 in a devastating trend for grocery store chains.
    • USDA data shows nine straight months of year-over-year declines, including the sharpest of the bunch in August when prices peeled back 1.9%.
    • While lower commodity costs are in play in many key categories (milk, eggs, meat), it's the relentless pressure from Wal-Mart, Aldi's, Dollar General, and even Amazon to increase traffic that's the real margin pincher.
    • "It starts to border on irrational pricing," notes Bloomberg Intelligence analyst Jennifer Bartashus on the development.
    • A more detailed look at food prices is available inside the latest CPI report from the Bureau of Labor Statistics.
    • Related stocks: KR, SFM, WFM, SVU, WMK, IMKTA, SPTN.
    | Tue, Sep. 27, 1:31 PM | 25 Comments
  • Wed, Sep. 14, 2:09 PM
    • All eyes in the retail sector will be on the Department of Commerce's report on August sales tomorrow. Economists will be looking for confirmation that the dip into negative territory in July was only transitory. The impact of the recent slowdown in auto sales has been debated, with some analysts saying it's indicative of tight consumer spending, while others feel it reverses the "crowding out" effect of auto purchases.
    • The consensus estimate is for a 0.4% M/M gain after backing out the gas and auto categories. The direction of U.S. retail sales will also give Fed watchers their latest talking point.
    • If there's a wildcard in the mix, it could be price deflation in the grocery store category (KR, SFM, WFM, SVU, WMK, IMKTA). That pricing weakness could also spill over to affect general merchandise stores (WMT, TGT), drug store chains (WBA, RAD), and even nip at chains like Casey's General Stores (NASDAQ:CASY) and CST Brands (NYSE:CST).
    • Retail ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, IYC, FDIS, SCC, RCD, UCC, PMR, UGE, SZK.
    | Wed, Sep. 14, 2:09 PM | 6 Comments
  • Thu, Sep. 8, 8:38 AM
    • Execs in the grocery sector have painted a bleak picture this week on current sales trends during their presentations at various retail conferences.
    • Weak pricing has been a major talking point, while some companies say a lower level of government benefits have also come into play.
    • While the down trend was tipped off a few weeks ago when the Commerce Department reported a drop in grocery store sales for July, the new twist is that companies such as Supervalu (NYSE:SVU) and Sprouts Farmers Market (NASDAQ:SFM) are now talking about the pressure extending through the end of the year.
    • Related stocks: KR, WFM, SFS, IMKTA, WFM, CASY, VLGEA, WMK, TGT, WMT.
    | Thu, Sep. 8, 8:38 AM | 44 Comments
  • Wed, Sep. 7, 12:43 PM
    | Wed, Sep. 7, 12:43 PM
  • Wed, Sep. 7, 10:22 AM
    • Weak guidance issued earlier today from Sprouts Farmers Market (SFM -13.9%) is slicing deeply through the grocery store sector.
    • If there's a word to sum up the negative vibe in the sector it would be "deflation" after Sprouts execs came clean on the negative impact of falling prices.
    • Decliners include Whole Foods Market (WFM -5.2%), Kroger (KR -4.1%), Supervalu (SVU -2%), Ingles Markets (IMKTA -3.4%), and Natural Grocers by Vitamin Cottage (NGVC -3.2%).
    • Previously: Sprouts Farmers Market slumps after updating guidance (Sept. 7)
    | Wed, Sep. 7, 10:22 AM | 24 Comments
  • Wed, Sep. 7, 9:17 AM
    | Wed, Sep. 7, 9:17 AM | 1 Comment
  • Wed, Sep. 7, 7:26 AM
    • Sprouts Farmers Market (NASDAQ:SFM) updates guidance in advance of a presentation at the Goldman Sachs 23rd Annual Global Retailing Conference.
    • The company expects full-year 2016 comparable store sales growth to be in the range of 1.5% to 2.5% and EPS to fall in a range of $0.83 to $0.86 vs. $0.94 consensus.
    • "The prolonged deflationary environment, competitive landscape and industry dynamics have prompted heavy promotions across the industry, adversely impacting retail deflation and traffic generation," says Sprouts.
    • Shares of Sprouts are down 6.8% premarket to $21.26.
    | Wed, Sep. 7, 7:26 AM | 15 Comments
  • Mon, Aug. 8, 3:04 PM
    | Mon, Aug. 8, 3:04 PM | 1 Comment
  • Thu, Aug. 4, 9:20 AM
    • Sprouts Farmers Market (NASDAQ:SFM) reports comparable store sales increased 4.1% in Q2.
    • Traffic was up 3.5% during the quarter.
    • The company's gross profit margin rate expanded 40 bps to 29.6% as deflation in some key categories and a reduced shrink level factored in.
    • Sprouts ended the quarter with a $160M balance on its revolving credit facility, $2M of letters of credit outstanding under the facility, and $78M in cash holdings.
    • Looking ahead, sales growth of 15.5% to 16.5% is expected with comparable-store sales increasing at a 3.5% to 4.5% clip.
    • Previously: Sprouts Farmers Market beats by $0.01, misses on revenue (Aug. 4)
    | Thu, Aug. 4, 9:20 AM | 10 Comments
  • Thu, Aug. 4, 9:03 AM
    • Sprouts Farmers Market (NASDAQ:SFM): Q2 EPS of $0.25 beats by $0.01.
    • Revenue of $1.03B (+14.2% Y/Y) misses by $20M.
    • Press Release
    | Thu, Aug. 4, 9:03 AM
  • Wed, Aug. 3, 5:30 PM
  • Wed, Aug. 3, 9:24 AM
    • Retail watchers think the new smaller-store format from Whole Foods Market (NASDAQ:WFM) with its 365 introduction could become more popular across the grocery store sector.
    • Early results from the two 365 stores have been positive and a recent price check indicated that the chain is very competitive on value. Perhaps even more important, the 365 concept is seen as popular with millennials and in urban areas.
    • If Whole Foods expands the 365 chain aggressively it will face competition in regional markets from Trader Joe's, Natural Grocers by Vitamin Cottage (NYSE:NGVC), The Fresh Market, Sprouts Farmers Marker (NASDAQ:SFM), Ingles Markets (NASDAQ:IMKTA), and even Kroger (NYSE:KR).
    | Wed, Aug. 3, 9:24 AM | 12 Comments
  • Tue, Jul. 26, 9:57 AM
    • Goldman Sachs turns around its view on Sprouts Farmers Market (SFM +3.2%) with a two-notch upgrade to Buy from Sell.
    • Shares of Sprouts Farmers Market have gained some traction this week after slumping to below $22 in June.
    • Sprouts is due to report earnings on August 4.
    | Tue, Jul. 26, 9:57 AM | 11 Comments
  • Mon, Jun. 6, 12:39 PM
    • Nation's Restaurant News points to a trend that may explain some of the weakness with restaurant traffic this year.
    • Restaurants have been pushing prices higher over the last six months, despite lower retail food costs. On the other hand, grocery stores have lowered their prices in accordance with some easing of chicken, beef, and pork costs. It's a pricing spread that consumers may have caught on to if broad traffic trends are an indicator.
    • Rising labor costs are the most obvious reason for the disparity. Restaurants expend about 30% of sales on labor costs, while groceries only spend about 14%.
    • Related stocks: SVU, VLGEA, IMKTA, OTCPK:PUSH, SFM, WFM, CAKE, CBRL, EAT, DRI, RRGB, RT, BLMN, PBPB, MCD, QSR, WEN, SONC, BOBE, ,PLKI, BJRI.
    • Related ETF: BITE, PBJ.
    | Mon, Jun. 6, 12:39 PM | 13 Comments
  • Thu, Jun. 2, 10:34 AM
    • Sprouts Farmers Market (SFM -2.4%) plans to grow its presence in existing states, instead of expanding into new regions, according to Supermarket News.
    • CEO Amin Maredia notes that momentum for Sprouts is particularly strong in the Southeast where the grocery store chain has increased its focus.
    • Shares of SFM are down 12% over the last month, due in part to the perceived threat of a broader 365 roll-out by Whole Foods. At this point, there is only a solitary 365 store open in the L.A. region.
    | Thu, Jun. 2, 10:34 AM | 3 Comments