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Fly News Breaks for July 17, 2018
SFM
Jul 17, 2018 | 08:32 EDT
Loop Capital analyst Andrew Wolf kept his Hold rating and $24 price target on Sprouts Farmers Market but lowered his Q2 SSS view to 1.5% from 2.0% and Q2 EPS forecast to 32c from 33c. Wolf notes the retail produce pricing gauged by CPI for fruits and vegetables swung to deflation in the quarter, which negatively impacted the company by more than anticipated, even though supermarket real sales growth in June posted its biggest rise in years. For FY18, the analyst is keeping his EPS target of $1.25 and SSS growth estimate at 2%.
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