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Sprouts Farmers (SFM) is benefiting from strategic initiatives, including omni-channel solutions, expanding customer base and focus on private-label products.
Sprouts Farmers Market Inc. SFM, -0.50% said Monday it's expanding its partnership with Uber Eats UBER, +1.18% and will add more than 400 stores to the grocery delivery platform. “Customers will be able to order thousands of fresh, natural and organic products from Sprouts by simply visiting the Uber Eats mobile app or website, where they can choose to have their groceries delivered on-demand or schedule a delivery for later in the day or week,” the company said in a statement.
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Sprouts Farmers (SFM) reported earnings 30 days ago. What's next for the stock?
Sprouts Farmers (SFM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Sprouts Farmers (SFM) demonstrates resilience, and enhances customer interactions and strategic foresight, positioning itself for sustained growth and success in the dynamic retail landscape.
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Sprouts Farmers Market is a profitable company with a management team that knows what to do, offering an appealing price despite lacking a wide moat. The company operates in a highly competitive market, catering to health-conscious customers and focusing on e-commerce sales growth. Sprouts has strategies for increasing its top-line growth through expanding its store count and enhancing same-store sales growth.
Sprouts Farmers' (SFM) third-quarter comparable store sales increase 3.9% year over year. For the fourth quarter, the company expects 3% growth in comparable store sales.