Welcome to our dedicated page for Sprouts Farmers news (Ticker: SFM), a resource for investors and traders seeking the latest updates and insights on Sprouts Farmers stock.
Sprouts Farmers Market Inc (SFM) provides investors and industry observers with comprehensive updates on its specialty grocery operations and market strategy. This page serves as the definitive source for official announcements, financial reports, and operational developments from the natural foods retailer.
Visitors gain access to timely information about earnings releases, store expansions, product innovations, and sustainability initiatives. The curated news collection enables stakeholders to track SFM's progress in organic food retail, healthy living advocacy, and community-focused grocery experiences.
Key updates include financial performance disclosures, leadership changes, supplier partnerships, and advancements in SFM's farmers market-inspired store format. All content undergoes strict verification to ensure accuracy and relevance for both casual readers and professional analysts.
Bookmark this page for streamlined access to SFM's latest business developments. Check regularly for updates on how the company continues to innovate in natural product retailing while maintaining its commitment to affordable, wellness-oriented groceries.
Sprouts Farmers Market, Inc. (SFM) has announced that it will release its third-quarter financial results for the period ending October 3, 2021, after market close on November 4, 2021. Following the release, management will host a conference call at 2:00 PM PDT (5:00 PM EDT) to discuss the results. A webcast of the call will be available on the company’s investor site, with an audio replay accessible post-call for 72 hours.
Sprouts operates over 360 stores across 23 states and employs approximately 35,000 team members.
Sprouts Farmers Market (SFM) has appointed Lawrence 'Chip' Molloy as Chief Financial Officer, effective September 25, 2021. Molloy, who has been a board member since 2013 and served as interim CFO from June 2019 to February 2020, succeeds Denise Paulonis, who is leaving to become CEO of a publicly traded retailer. CEO Jack Sinclair praised Molloy for his extensive experience and knowledge of the company. The press release also thanked Paulonis for her contributions to Sprouts' long-term growth strategy.
Sprouts Farmers Market reported second-quarter 2021 results with net sales of $1.5 billion, marking a 7% decrease from 2020. Comparable store sales fell by 10.0%, significantly impacted by COVID-19. Net income was $61 million, down from $67 million in 2020, with diluted earnings per share at $0.52. The company opened one new store, totaling 363 stores across 23 states. For 2021, guidance was adjusted, projecting net sales growth in the low single digits and comparable store sales decline of 5.0% to 7.0%. Cash balance stood at $221 million, with ongoing share repurchases.
Sprouts Farmers Market (SFM) will announce its second quarter financial results for the period ending July 4, 2021, after market close on August 5, 2021. A conference call led by Sprouts' management is scheduled for 2:00 PM PDT (5:00 PM EDT) the same day to discuss the results. Investors can access a webcast of the call by registering on the company's investor website. An audio replay will be available after the call for 72 hours. Sprouts operates over 360 stores across 23 states, emphasizing wellness through a curated selection of health-focused products.
Sprouts Farmers Market has opened a new distribution center in Orlando, enhancing its operations in Florida. This 135,000 square-foot facility will serve 33 stores, including the existing 23 and 10 new openings planned for this year. The center is equipped with specialized storage for fresh produce and aims to strengthen local farm partnerships, offering exclusive products like Sugar Baby watermelons. Additionally, 57 new full-time jobs were created. Sprouts continues to prioritize fresh, organic offerings and community support through initiatives like a $25,000 donation to local nonprofit Fleet Farming.
Sprouts Farmers Market (SFM) announced that CEO Jack Sinclair and VP of Investor Relations Susannah Livingston will participate in the Deutsche Bank dbAccess 2021 Global Consumer Conference. The fireside chat is scheduled for 1:00 PM EDT on June 9, 2021. Investors can access a live webcast of the event on Sprouts' Investor Relations website. Based in Phoenix, Sprouts operates over 360 stores in 23 states, focusing on fresh, wholesome products to promote natural wellness.
Sprouts Farmers Market has unveiled a new range of seasonal offerings just in time for summer, focusing on fresh ingredients for outdoor activities. The selection includes 100% grass-fed Angus steaks and innovative plant-based proteins, catering to a growing consumer trend of grilling. Highlighted summer produce features organic cherries, melons, and unique grape varieties. Additional summer-exclusive snacks and beverages are also introduced. Sprouts anticipates increased consumer spending as more shoppers return to socializing and outdoor gatherings.
Sprouts Farmers Market (SFM) announced that CEO Jack Sinclair and CFO Denise Paulonis will participate in a fireside chat at the BMO Capital Markets 16th Annual Farm to Market Conference on May 19, 2021, at 11:20 AM EDT. Investors can access a live webcast of the event through the Investor Relations page on Sprouts' website, with a replay available for 90 days. Sprouts, known for its focus on fresh produce and healthier grocery options, operates over 360 stores across 23 states and employs around 35,000 people.
Sprouts Farmers Market reported Q1 2021 results showing a 4% decline in net sales to $1.6 billion and a net income of $83 million. Comparable store sales dropped 9.4%, attributed to last year's COVID-19 impacts. Despite this, gross profit increased to $586 million, with a margin of 37.2%, up 114 basis points from 2020. SG&A expenses rose by $3 million to 27.9% of sales. Sprouts ended the quarter with $256 million in cash and plans to open approximately 20 new stores this fiscal year, while maintaining an uncertain outlook due to ongoing pandemic effects.
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