$SFM - Sprouts are growing

2020년 11월 9일

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



DIY Research: sec.gov/ix?doc=/Archives/edgar/data/1575515/000156459020048383/sfm-10q_20200927.htm

• 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