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