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News  ›  GlobeNewswire Inc.

Law Offices of Howard G. Smith Encourages Sprouts Farmers Market, Inc. (SFM) Investors To Inquire About Securities Fraud Class Action

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Law Offices Of Howard G. Smith
Law Offices of Howard G. Smith Encourages Sprouts Farmers Market, Inc. (SFM) Investors To Inquire About Securities Fraud Class Action

A class action lawsuit has been filed against Sprouts Farmers Market for allegedly making misleading statements about its business performance, with stock price dropping 26.1% after revealing softer-than-expected sales growth and reduced annual guidance.

Insights
SFM   negative

Company reported lower-than-expected comparable store sales growth, reduced annual guidance, and experienced a significant stock price drop due to challenging economic conditions and consumer spending shifts