Sprouts Farmers Market is trading 18.95% lower at $50.08 after October 28 results and outlook disappointed investors.
- Third-quarter comparable sales fell 0.9%; adjusted EPS of $1.21 missed estimates.
- Q4 guidance was $0.47–$0.51 EPS and a 2%–4% comparable-sales decline, substantially weaker than expected.
- The company lowered its full-year outlook, citing weaker traffic, a challenging consumer environment and cyclospora disruption; shares dropped from the October 28 close of $62.00 during the live session.