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.
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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.
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