$SFM - Sprouts are growing
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
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
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