Why Sprouts Farmers Market, Inc. Jumped 26% in November
Stock in natural and organics grocer Sprouts Farmers Market, Inc. (NASDAQ: SFM) gained 26.5% last month, according to data from S&P Global Market Intelligence .
Sprouts stock took flight after the release of a strong third-quarter earnings report on Nov. 2. Shares gained nearly 9% in the trading session following the release and appreciated steadily during the rest of the month.
The organization reported a 16% increase in revenue in the third quarter against the prior year and a comparable store sales increase of 4.6%. For the first three quarters of 2017, Sprouts has booked a top-line improvement of 15% and comps expansion of 2.4%. More impressively, the company's gross margin of 29.1% is just 40 basis points shy of 2016's gross margin, despite an extremely competitive grocery environment.
Source: Fool.com
