Sprouts Shares Drop on Revised Outlook and Sales Downturn

Sprouts Farmers Market Inc. reported third-quarter results that missed expectations, prompting the company to lower its full-year sales forecast. The revised outlook now projects a 1.7% decline in comparable sales for 2026, down from an earlier estimate of up to 0.5% growth. The adjustment comes amid ongoing challenges from the cyclospora lettuce outbreak, which has impacted consumer confidence and led to reduced foot traffic at its stores. Additionally, broader economic concerns have dampened overall consumer spending, further pressuring the grocer's performance. Analysts suggest the company's guidance reflects a more cautious stance, signaling potential difficulties in restoring growth in the coming year.