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Sprouts Farmers Market (SFM) Stock Tumbles on Lower Guidance

NEW YORK (TheStreet) -- Shares of Sprouts Farmers Market (SFM) were falling 14.91% to $19.41 in early morning trade on Wednesday after the company reduced its same-store sales view for the 2016 third quarter and full year.

For the third quarter, the Phoenix-based food retailer now expects comparable-store sales to be roughly flat. Sprouts Farmers Market had previously estimated an increase between 3% and 4%.

For the full-year, Sprouts Farmers Market is looking for same-store sales growth between 1.5% to 2.5%, down from prior guidance of 3.5% to...