Sprouts Is a Rising Star Among Grocers By Andy Swan |
| When organic grocer Sprouts Farmers Market (SFM) announced its healthy first-quarter earnings results last week, we were already waiting in the checkout line with a very bullish LikeFolio Earnings Score of +58. Thanks to our real-time data tracking capabilities, we could see Purchase Intent (PI) mentions of consumers talking about spending money at a Sprouts store were way up — by 92% year-to-date (YTD). 
That demand growth has historically correlated well with SFM financials. And when we noted Sprouts Consumer Happiness increasing toward the 80% level, we knew we had a winner. 
On May 2, the register rang up an 8% pop in share price for SFM following a glowing report that included same-store sales growth of 3% and a 24% increase in profits, with strong results in both physical retail and e-commerce. And LikeFolio data shows that if Sprouts' earnings data was this strong, its winning streak could continue… And LikeFolio data shows that if Sprouts' earnings data was this strong, its winning streak could continue… Click here to keep reading online Until next time, |
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Andy Swan
Co-Founder, Derby City Insights |
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