PHOENIX, Nov. 25, 2013 (GLOBE NEWSWIRE) -- Sprouts Farmers Market, Inc. (the "Company") (Nasdaq:SFM) today provided additional preliminary information on certain aspects of its 2013 financial performance through November 17, 2013. For the seven weeks ended November 17, 2013, net sales were $341 million, driven primarily by increased comparable store sales growth and strong performance in new stores opened. As previously announced, for the seven weeks ended November 17, 2013, the Company has recorded comparable store sales growth of 13.7%, or 22.8% on a two-year stacked basis pro forma for the 2012 acquisition of Sunflower Farmers Market. Comparable store sales growth has been driven by continued momentum in customer traffic and basket size, and has been strong across geographies, vintages and departments. In addition, the Company's gross margin rate is consistent with the Company's expectations for a gross margin rate for the full year 2013 of 29.5% to 29.7%.
Sprouts Farmers Market Releases Additional Information Regarding Its Comparable Store Sales Growth For The Seven Weeks Ended November 17, 2013
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