Seeking Alpha

Sprouts Farmers Market (SFM)

  • Fri, Aug. 7, 9:02 AM
    • Sprouts Farmers Market (NASDAQ:SFM) announces CEO Doug Sanders will move on to become the Chairman of the Board.
    • The company names CFO Amin Maredia to step up to the CEO job.
    • Shares are lower in early trading after the company lowers FY15 EPS guidance to $0.80-$0.82 vs. $0.84-$0.87 prior and $0.85 consensus.
    • Previously: Sprouts Farmers Market EPS in-line, beats on revenue
    • SFM -9.87% premarket to $21.18.
    | Comment!
  • Thu, Aug. 6, 5:36 PM
    | Comment!
  • Thu, Aug. 6, 4:11 PM
    • Sprouts Farmers Market (NASDAQ:SFM): Q2 EPS of $0.22 in-line.
    • Revenue of $902.15M (+21.3% Y/Y) beats by $1.19M.
    • Shares +0.53%.
    • Press Release
    | 1 Comment
  • Thu, May 21, 5:41 PM
    | Comment!
  • Thu, May 14, 9:47 PM
    • Consolidation in the grocery industry could pick up even more, observes Supermarket News.
    • A large merger between Albertsons and Safeway (NYSE:SWY) has been followed by talks between Delhaize (NYSE:DEG) and Ahold (OTCQX:AHONY).
    • The increased push by Wal-Mart and Target in the sector has added pressure to leverage store growth through M&A.
    • "There is mounting pressure in the supermarket industry to consolidate operations to drive better purchasing power and leverage distribution and technology platforms," notes Wolfe Research.
    • Kroger (NYSE:KR) is seen as a likely candidate to look for a chain to acquire.
    • Previously: Ahold, Delhaize confirm merger talks (May 12)
  • Mon, May 11, 6:48 AM
    | Comment!
  • Fri, May 8, 9:16 AM
  • Thu, May 7, 8:10 PM
    • Sprouts Farmers Market (NASDAQ:SFM) has tumbled after hours, down 9% on volume of more than 300K late-trade shares, after Q1 results where it missed EPS and revenue expectations and issued downside guidance for the full year.
    • Sprouts guided to net sales growth of 20%-22% this year with 27 new stores, and comparable-store growth of 6%-7%. It expects EPS of $0.84-$0.87, noting that it's a 53-week year and the extra week should add about $0.02 of EPS (vs. a consensus of $0.88).
    • The projected revenue growth would put it to the downside of consensus of $3.62B sales this year.
    • Earlier, Whole Foods Market announced it would launch a new value brand that could make a competitive difference.
    • Press Release
  • Thu, May 7, 4:10 PM
    • Sprouts Farmers Market (NASDAQ:SFM): Q1 EPS of $0.25 misses by $0.01.
    • Revenue of $857.51M (+18.7% Y/Y) misses by $5.39M.
    • Press Release
    | 1 Comment
  • Thu, May 7, 9:45 AM
    • A plan by Whole Foods Market (WFM -10.6%) to launch a new store brand concept was a major topic of the company's Q1 earnings call.
    • A "fairly rapid" expansion of the new chain is expected to start next year with Whole Foods already in the process of negotiating leases for space.
    • Though still rather loosely defined, the concept is being aimed at millennials with value prices and modern products.
    • "We can broaden the accessibility of fresh healthy foods and we will continue to be leaders in that sense," said co-CEO John Mackey.
    • The company plans to leverage existing distribution channels and partners for the new model.
    • Sprouts Farmers Markets (NASDAQ:SFM) and The Fresh Market (NASDAQ:TFM) are two companies that could be affected if the roll-out is successful.
    • Earnings call transcript
  • Tue, Apr. 28, 6:52 AM
    • RBC Capital initiates coverage on Sprouts Farmers Market (NASDAQ:SFM) with an Outperform rating.
    • The investment firm sets a price target on the specialty retailer at $42.
    • Shares of SFM are -2.5% YTD.
    | Comment!
  • Wed, Apr. 15, 5:35 PM
  • Wed, Apr. 15, 11:34 AM
    • Organic food sales rose 11% to $35.9B in 2014, according to the Organic Trade Association.
    • The revenue tally for organic food accounted for 5% of all food sales in the U.S.
    • Data from the trade group indicated 90% of households on the West Coast and in New England actively buy organic food.
    • The strong growth rate for organic food is part of the rationale behind Target's major food initiative.
    • Organic food sellers/producers: THS, SFM, FWM, TFM, WFM, HAIN, WWAV, OTCPK:GPDB, LWAY, UNFI, GIS through Annie's.
  • Tue, Mar. 31, 8:41 AM
    • Morgan Stanley adds Sprouts Farmers Market (NASDAQ:SFM) to its Best Ideas List.
    • Shares of Sprouts peeled off about 9% of their price since the company reported Q4 earnings to give MS its new entry point.
    • New strategic initiatives at the specialty grocery store chain are seen as boosting earnings growth.
    | Comment!
  • Tue, Mar. 24, 9:35 AM
    • Fresh & Easy is closing stores in advance of launching a fresh-food convenience store chain.
    • 30 stores in California by F&E will be shuttered as part of the initiative.
    • Though details on the new C-store venture are scant, Apple store designer ADMI is reportedly working on the project.
    • Fresh & Easy is owned by P-E firm Yucaipa which bought the chain from Tesco after it bled money under the direction of the British retail giant.
    • Fresh & Easy has rebranded some stores in the U.S. under the Wild Oats banner and has been mentioned as an IPO candidate.
    • The success of the new C-store fresh food chain will be closely watched by a large number of retail and grocery companies which could partner, mimic, or ignore the concept.
    • Sprouts Farmers Market (NASDAQ:SFM), Whole Foods Market (NASDAQ:WFM), Kroger (NYSE:KR), The Fresh Market (NASDAQ:TFM), Natural Grocers by Vitamin Cottage (NYSE:NGVC), and Fairway Group (NASDAQ:FWM) all have some skin in the game.
    • There's also Target (NYSE:TGT), Wal-Mart (NYSE:WMT), and Costco (NASDAQ:COST) which are stressing both "fresh" and "easy" with their grocery strategy.
    • AmazonFresh (NASDAQ:AMZN) and Instacart are also looking to captivate fresh food buyers with their models.
    | 1 Comment
  • Mon, Mar. 16, 4:20 AM
    • Looking to contain a virulent strain of avian flu, U.S. authorities are weighing tougher restrictions in Arkansas in a bid to minimize international trade disruptions and contain the virus in the heart of America's poultry region.
    • The H5N2 flu discovered last week is the state's first case of a strain that causes massive internal hemorrhaging in poultry, can kill nearly every bird in an infected flock within 48 hours, and is prone to mutate.
    • Previously: Avian bird flu in U.S. seen impacting chicken prices (Mar. 15 2015)
    • Related tickers: TSN, SFM, BRFS, PPC, HRL, OTCQX:JBSAY, BWLD, PLKI
    | Comment!
Visit Seeking Alpha's
SFM vs. ETF Alternatives
Company Description
Sprouts Farmers Market Inc through its subsidiaries operates as a specialty retailer of natural & organic food. It offers products including fresh produce, bulk foods, vitamins & supplements, meat & seafood, bakery, & body care & natural household items.
Sector: Services
Industry: Grocery Stores
Country: United States