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Sprouts raised its guidance, and now expects sales growth of 14.5% to 15%, EPS of 98-to-99 cents, and same-store sales growth of 2.5% to 3%.
The previous guidance was for sales growth of 13% to 14%, EPS of 88-to-92 cents, and same-store sales growth of 1.5% to 2%.
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The company was founded by Stan Boney and Shon Alexander Boney on July 11, 2002 and is headquartered in Phoenix, AZ.
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The deal shook the US food retail sector on fears that Amazon might end up disrupting the grocery business.
As we’ve discussed, supermarket giant Kroger (KR) has been struggling with increasing competition, especially from larger competitor Walmart (WMT) and online juggernaut Amazon (AMZN). Detailed Research: Economic Perspectives on CVS Health, First Energy, Welbilt, Inc., Rockwell Collins, Sprouts Farmers Market, and Inovio Pharmaceuticals -- What Drives Growth in Today's Competitive Landscape Sprouts Farmers Markets, Inc.