No-moat Sprouts executes well but lacks the size and scale to warrant an edge.
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 ...Sprouts Farmers Market operates as a healthy grocery store. The company categorizes the varieties of products it sells as perishable and non-perishable. Perishable product categories include produce, meat, seafood, deli, bakery, floral and dairy and dairy alternatives. Non-perishable product categories include grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care. The company's stores include the following departments: packaged groceries, meat and seafood, deli, vitamins and supplements, dairy and dairy alternatives, bulk items, baked goods, frozen foods, natural health and body care, and beer and wine.
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.
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