🔴 Sprouts Farmers Market is trading 22.89% down in pre-market after weaker-than-expected Q4 outlook

Sprouts Farmers Market is trading at $47.81, down 22.89% in pre-market after sharply weaker-than-expected Q4 guidance.

• The October 29 pre-market decline follows the company’s October 28 earnings release, which forecast diluted EPS of $0.47–$0.51 and comparable-store sales down 2%–4%.
• Q3 comparable sales fell 0.9%; reported EPS of $1.21 and revenue of $2.3 billion also missed analyst estimates.
• The company cited weaker consumer trends and affordability investments as pressure.