With a Sprouting 356 store nationwide & a net sales of $1.6 billion for Q3 2020 I have no doubt SFM will continue to grow in the coming years. During the 3rd quarter, Sprouts improved on profit, income and earnings per share.
A Major key in this reversal is looking for the next monthly candle to be green & gain momentum to the $25-$30 area
Chart Stats: Low @ $13.00 - All time High @ $49.45 Monthly 50SMA & .236 Fib retracement are aligned around $21.00-$22.00 $20-$14 Accumulation Zone
Gross profit for the quarter increased 23% to $585 million, resulting in a gross profit margin of 37.1%, an increase of 400 basis points compared to the same period in 2019. Comparable store sales growth of 4.2% and two-year comparable store sales growth of 5.7%
Net income of $60 million and adjusted net income(1) of $62 million; compared to net income and adjusted net income of $26 million from the same period in 2019
Diluted earnings per share of $0.51 and adjusted diluted earnings per share(1) of $0.52; compared to $0.22 diluted and adjusted diluted earnings per share from the same period in 2019