SFM - Supermarket Chain Sprouts Farmers Market Beats On Q3 Comps Up 3.9% Picks New CFO | Benzinga
Sprouts Farmers Market, Inc (NASDAQ: SFM) reported third-quarter FY23 sales growth of 7.7% year-on-year to $1.71 billion, beating the analyst consensus estimate of $1.68 billion.
Comparable store sales increased 3.9%. Gross profit for the quarter increased 7.2% to $625.4 million, and gross profit margin contracted 20 basis points to 36.5%.
Operating margin was 5.1%, and operating income for the quarter fell 3% to $87.6 million.
Adjusted EBITDA of $123.7 million ...