Specialty, fresh format, and value grocers are outpacing traditional chains [Yahoo! Finance]
Sprouts Farmers Market, Inc. (SFM)
NASDAQ:AMEX Investor Relations:
investors.sprouts.com
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Source: Yahoo! Finance
Shoppers are willing to travel further to access niche products at stores like Sprouts Farmers Market, Trader Joe's, and Great Wall Supermarket, prompting larger, traditional grocers to expand their own niche banners like Joe V's Smart Shop by Texas grocer H-E-B and Dollar Fresh by Hy-Vee, Placer.ai noted in the report “Specialty and Value Chains Transform Grocery in 2024.” The data analytics firm said that foot traffic at grocery stores got a boost in early July, when it jumped 4.6% year over year. Following the rush of shoppers stocking up for Independence Day barbecue and picnic items, foot traffic dipped and then picked back up in September, when foot traffic growth ranged from 2% to 2.9%. Much of that growth came from specialty, fresh format, and value chain stores, according to the white paper. “The two segments offer markedly different shopping experiences: Specialty chains tend to emphasize harder-to-find ingredients and fresh produce — sometimes even at higher price po
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SFM
News
- SFM Trades Above 50 & 200-Day SMA: How Should Investors Play? [Yahoo! Finance]Yahoo! Finance
- Chocxo Takes Top Honors at the 2024 Rise Awards Night Hosted by BC Food & Beverage [Yahoo! Finance]Yahoo! Finance
- Brian Maloney Rejoins Ram Realty Advisors to Lead Retail Expansion [Yahoo! Finance]Yahoo! Finance
- Sprouts Farmers Market to Present at the Nasdaq 51st Annual Investor ConferenceBusiness Wire
- Sprouts Farmers Market, Inc. (NASDAQ: SFM) had its price target raised by analysts at Evercore ISI from $155.00 to $160.00. They now have an "outperform" rating on the stock.MarketBeat
SFM
Earnings
- 10/30/24 - Beat
SFM
Sec Filings
- 12/19/24 - Form 4
- 12/17/24 - Form 144
- 12/13/24 - Form 4
- SFM's page on the SEC website