Sprouts Farmers Market Stock Edges Up Ahead of Memorial Day—What’s Next?
Sprouts Farmers Market shares closed Friday at $86.71, up 1.5% for the day and 1.4% for the week, after rebounding from a midweek drop. First-quarter net sales rose 4% to $2.3 billion, but comparable-store sales fell 1.7%. The company opened six new stores and plans at least 40 more this year. U.S. markets will be closed Monday for Memorial Day.