TeamJayDay
Umm… I kinda just bought Sprouts Farmers Market ($SFM) unexpectedly. 😎
408 Shares @ 48
Down 49% in 3 months and roughly 73% from its all time highs. The stock has been absolutely crushed.
They just reported earnings, with revenue up 5% YoY to $2.3B, but comparable store sales declined 0.9%. EPS came in at $1.21, missing expectations, and management's Q4 guidance was significantly weaker than anticipated.
Definitely a contrarian setup worth watching. The question is whether this selloff is pricing in the worst or if there's more downside ahead. 🔍
$IWM $SPY $DIA
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