Report
John Brick, CFA
EUR 101.80 For Business Accounts Only

Sprouts Drives Traffic, but Investment Spending Still Looms

As the retailing environment intensifies, no-moat Sprouts Farmers Market’s fourth-quarter results showed that its differentiated model is able to drive traffic to its stores, which helped prompt results better than our model. In the quarter, the firm saw a comparable-store increase of 4.6%, which supported top-line growth of 16%; this outpaced our model, which assumed rates of 2% and 13%, respectively (although we estimate a New Year’s Eve shift helped results by around 1%). The top-line growth ...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
John Brick, CFA

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