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Sprouts Farmers Market (SFM) Stock Slumps on Q3 Earnings Miss

NEW YORK (TheStreet) -- Shares of Sprouts Farmers Market (SFM) were sliding 6.56% to $21.09 in early-morning trading on Thursday after the company posted 2016 third quarter earnings that fell short of analysts' estimates.

Before the opening bell, the Phoenix-based natural and organic food retailer reported adjusted earnings of 16 cents per diluted share, missing Wall Street's projections of 17 cents per share.

Revenue grew 15% over last year to $1.04 billion and topped analysts' expectations of $1.01 billion.

Same-store sales rose 1.3% year-over-year in the quarter. Analysts...