Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

This Grocery Company Crushed the Market in 2022. Is the Same in Store for 2023?

TheMotleyFool

0 0

This Grocery Company Crushed the Market in 2022. Is the Same in Store for 2023?: https://g.foolcdn.com/editorial/images/715127/fresh-food.JPG

Very few stocks put up positive returns in 2022. Sleepy grocery chain Sprouts Farmers Market (NASDAQ: SFM) was one of these companies, returning 9% for shareholders compared to a 19% loss for the S&P 500.

The company started last year at a discounted valuation, beat analyst expectations with comparable-store sales, and continues to repurchase stock from shareholders. With many bubble stocks down 50%, 80%, or more in 2022, shareholders of Sprouts Farmers Market were likely quite pleased with its performance last year.

But prospective investors don't care about prior returns; they care about the future. What's in store for Sprouts Farmers Market in 2023?

Source Fool.com

Like: 0

SFM

Share