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Operator: Good afternoon and thank you for standing by. Welcome to the First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Sprouts Farmers Market’s decision to pull back on promotions and cater instead to less price-sensitive shoppers who follow specialty diets and are more health-oriented once was considered risky but now is paying off.
Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Rating)’s share price was down 5.3% on Wednesday . The stock traded as low as $35.83 and last traded at $35.84. Approximately 1,235,776 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 1,508,077 shares. The stock had previously closed at $37.86. […]
The supermarket chain reported solid earnings growth in the first quarter.
Company wants a bigger piece of the industry pie, but is doing just fine so far in 2023