Why Sprouts Farmers Market's Q3 Could Lead You to Greener Pastures
Sprouts Farmers Market (NASDAQ: SFM) just reported strong third-quarter results -- another period of steady top- and bottom-line growth that shows again why the company is a lot hardier than the majority of investors give it credit for.
Sales were $1.6 billion for the quarter, up 9.5%, with comparable-store sales up 4.2%. This growth is not as strong as Costco's (NASDAQ: COST) 12.4% sales growth last quarter, but it's still impressive when you consider that Sprouts doesn't sell many of the non-perishable or non-food items like paper towels that have gotten a boost during the coronavirus pandemic.
Image source: Getty Images
Source Fool.com
