Arizona-based Sprouts Farmers Market has defied most market trends this past month as the company's stock price reached an all-time high on Aug. 1.Sprouts CFO Curtis Valentine summed up the successful month in plain and simple terms:"Everything worked in the second quarter," he said in a statement to FOX 10. "We had an early produce season and a strong start to the summer. Our teams are doing a great job at executing our strategy, and it resonates with our target customers.
Sprouts has seemed to thrive despite a recent listeria outbreak and instability in the grocery market amid the on-again, off-again potential merger between two of the industry's largest brands, Kroger and Albertson's. Valentine, however, sees Sprouts as complementary to those giant brands and not as a direct competitor."Inflation has been a challenge for most businesses and we're no different.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: mercnews - 🏆 88. / 68 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Sprouts Farmers Market planning stores in New Braunfels and KyleThe Phoenix-based grocer, which already has 53 stores across Texas, is expanding its footprint in the I-35 corridor between San Antonio and New Braunfels.
Source: ExpressNews - 🏆 519. / 51 Read more »
Source: njdotcom - 🏆 282. / 63 Read more »