• Business Insider has a story about how a number of supermarket chains were negatively affected in terms of share price by Amazon’s acquisition of Whole Foods. Sprouts Farmers Market was one of them, and it watched its share price drop more than 17 percent in three days.
But … “the company isn't standing still,” the story says. “It reported its third-quarter earnings on Thursday, and beat Wall Street's expectations for earnings and revenue by a wide margin.” Indeed, the story says that one analysts observed that “the company's produce, low prices, and ability to convert the occasional shopper into a regular is driving growth at the company, and he reiterated the importance of those strengths after the company's report,” saying that “Sprouts is one of the best-positioned grocers right now.”
But … “the company isn't standing still,” the story says. “It reported its third-quarter earnings on Thursday, and beat Wall Street's expectations for earnings and revenue by a wide margin.” Indeed, the story says that one analysts observed that “the company's produce, low prices, and ability to convert the occasional shopper into a regular is driving growth at the company, and he reiterated the importance of those strengths after the company's report,” saying that “Sprouts is one of the best-positioned grocers right now.”
- KC's View:
