BUZZ - Sprouts shares fall after the company lowers its annual sales growth forecast

October 29 - ** Food retailer Sprouts Farmers Market (SFM.O) shares fell to their lowest level since December 2023 , plunging 22% to $48.35 during midday trading

**The company lowered its fiscal 2026 (link) net sales growth forecast from 5.5%–6.5% to 4.3%

** According to data compiled by the London Stock Exchange Group (LSEG), the company’s third-quarter sales were $2.3 billion, missing analysts’ expectations of $2.33 billion

** CEO Jack Sinclair said the cyclosporiasis outbreak and the consumer environment were the main reasons for the poor performance

** Of 18 brokerages, 7 rate the stock as “buy” or higher, 9 rate as “hold”, and 2 as “sell” or lower; the median price target is $94.50

** Including Tuesday’s drop, the stock is down 39.3% year-to-date

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