After reaching an important support level, Sprouts Farmers (SFM) could be a good stock pick from a technical perspective. SFM surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend. The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages. Similar to ot ...

The Commerce Department's report indicated that there has been a downward revision in the annual pace of economic growth for the United States for the first quarter. Furthermore, there remains uncertainty regarding the timing of interest rate reductions by the central bank. As a result, volatility and uncertainty may persist in the stock market, emphasizing the critical importance of assembling a portfolio consisting of low-beta stocks. These securities are expected to deliver strong returns while offering ...

Curtis Valentine, the CFO of Sprouts Farmers, emphasized the strong cash flow generation and the board's confidence in the company's strategic direction as key drivers behind the share repurchase program. Valentine stated, "The extension of the ongoing share repurchase program reflects strong cash flow generation and the Board's confidence in the company's strategic direction and potential." During the 13 weeks ended Mar 31, 2024, Sprouts Farmers, a Zacks Rank #1 (Strong Buy) company at present, generated $ ...

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Have you been paying attention to shares of Sprouts Farmers (SFM) ? Shares have been on the move with the stock up 22.6% over the past month. The stock hit a new 52-week high of $78.28 in the previous session. Sprouts Farmers has gained 60.8% since the start of the year compared to the 11.1% move for the Zacks Retail- Wholesale sector and the 22% return for the Zacks Food - Natural Foods Products industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, ...

Sprouts Farmers (SFM) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this natural and organic food retailer have returned +23.1%, compared to the Zacks S&P 500 composite's +5% change. During this period, the Zacks Food - Natural Foods Products industry, which Sprouts Farmers falls in, has gained 11.3%. The key question now is: What could be the s ...

Financial Data and Key Metrics Changes - Total sales for the first quarter reached $1.9 billion, an increase of $150 million or 9% year-over-year, driven by a 4% growth in comparable store sales [19][21] - Diluted earnings per share grew by 14% compared to the adjusted diluted earnings per share from the same period last year, reaching $1.12 [17][21] - Gross margin improved to 38.3%, an increase of approximately 80 basis points from the prior year, primarily due to better fresh shrink performance and promotional optimization [28][21] Business Line Data and Key Metrics Changes - Sprouts brand growth outpaced total company performance, contributing 21% of total sales for the quarter [49] - E-commerce sales grew approximately 25%, representing 14% of total sales, aided by partnerships with Uber Eats and other online platforms [49][51] Market Data and Key Metrics Changes - The company opened seven new stores in the first quarter, ending with a total of 414 stores across 23 states [21][35] - The company expects to open approximately 35 new stores by the end of the year, with a robust pipeline of around 100 approved new stores [35][30] Company Strategy and Development Direction - The company aims to enhance its brand by focusing on customer engagement and personalized content, which is part of a multi-year strategy [33] - The company is committed to sustainability, with $3.3 billion of sales from products with social or environmental attributes in 2023 [34] - The focus remains on improving inventory management and supply chain efficiency to support growth and customer satisfaction [45][107] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business's resilience and the effectiveness of their strategies, despite potential macroeconomic challenges [101][104] - The company anticipates total sales growth of 7% to 8% for the full year, with comparable sales expected to range from 2.5% to 3.5% [30][52] Other Important Information - The company returned $60 million to shareholders through share repurchases, with $148 million remaining under the current repurchase authorization [51] - The company is investing $15 million in 2024 to build a foundation for sustainable long-term earnings growth [50] Q&A Session Summary Question: What was the primary driver for the outperformance versus expectations? - Management indicated that the outperformance was due to a combination of positive traffic, stabilizing average unit retails, and overall business improvement [59] Question: How should we think about gross margin for the balance of the year? - Management expects gross margins to be up approximately 50 basis points for the year, driven by improved inventory management and promotional strategies [39][42] Question: Have you seen any uptick in prepared food sales? - Management noted that there has been some benefit from customers eating at home, contributing to strong performance in the prepared food category [67] Question: What are the expectations regarding the loyalty program? - The loyalty program is expected to provide benefits starting in 2025, with 2024 focused on learning and technology improvements [96][98] Question: How is the company managing inflation and customer behavior? - Management reported no major changes in customer behavior due to inflation, with a focus on maintaining value through private label products [123][125]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or other jurisdiction of incorporation or organization) Delaware 32-0331600 (I.R.S. Employer Identification No.) 5455 East High Street, Suite 111 Phoenix, Arizona 85054 (Address of principal ex ...

Exhibit 99.1 Investor Contact: Media Contact: Susannah Livingston media@sprouts.com (602) 682-1584 susannahlivingston@sprouts.com Sprouts Farmers Market, Inc. Reports First Quarter 2024 Results PHOENIX, Ariz. – (Business Wire) – May 1, 2024 – Sprouts Farmers Market, Inc. (Nasdaq: SFM) today reported results for the 13-week first quarter ended March 31, 2024. "We were pleased with our impressive financial results this quarter, with strength in comparable store sales, traffic, and ecommerce," said Jack Sincla ...

SPROUTS FARMERS MARKET Forward-Looking Statements To the extent forward looking non-GAAP financial measures are provided herein, they are not reconciled to comparable forward-looking GAAP measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. 2 • Opened 30 new stores, all in the new format • Sales of Sprouts Brand grew 13% in 2023 and added 400 new items • E-commerce grew to 12.2% of our sales and added DoorDash to expand access to ...