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?

Continue reading

Source Fool.com