Market Overview

Natural Foods Sector Up On Sprouts' Q2 Results, Improved Outlook

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The growing list of specialty natural foods retailers shares saw gains Friday on strong results and an improved outlook from Sprouts Farmers Market (NASDAQ: SFM)

Sprouts posted a 20 percent second-quarter revenue gain and said same-store sales were up 9.5 percent. The company forecast that the growth rate for both figures will be sustained through 2014.

Adjusted income of $0.20 per share beat estimates by $0.02.

Sprouts' shares picked up 3.5 percent Friday, trading at $31.62.

Following suit were Fresh Market (NASDAQ: TFM), which jumped 1.4 percent to $30.33; Whole Foods Market (NASDAQ: WFM) gained one percent to $37.70 and Fairway Group (NASDAQ: FWM) was up 0.50 percent to $5.68.

Also gaining were United Natural Foods (NASDAQ: UNFI), up more than one percent to $61.20 and Natural Grocers by Vitamin Cottage (NYSE: NGVC) growing nearly one percent to $20.13.

Posted-In: Earnings News Guidance Retail Sales Intraday Update

 

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