Leah Jordan's questions to Sprouts Farmers Market Inc (SFM) leadership • Q3 2024
Question
Leah Jordan asked about basket trends, including volume recovery and the inflation outlook, and also inquired about the current competitive environment, especially in produce.
Answer
CFO Curtis Valentine noted that on a core, like-for-like SKU basis, units are now flat, with overall units growing year-over-year. CEO Jack Sinclair added that inflation has settled into a more normalized, volatile state typical for fresh categories. He also stated that while they monitor produce pricing closely, they have not seen aggressive, broad-based competitive activity that causes concern.