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Well, why should I shop at Whole Foods when I can go to Sprouts (or some other alternative) and get basically the same thing for almost regular/non-organic pric
by kobeya 10y ago
Well, why should I shop at Whole Foods when I can go to Sprouts (or some other alternative) and get basically the same thing for almost regular/non-organic prices?
Then again, the fine article says Sprouts et al are also hurting...
- wanderr 10y agoI was surprised it said Sprouts was also in trouble, the one near us seems to get lots of business and we go there every week as well, for produce sometimes their organic stuff is even cheaper than Safeway's conventional produce so it's a no-brainer. IMO the only way Sprouts could improve is being bigger, still end up having to go to Safeway for lots of stuff Sprouts doesn't carry...but Whole Foods isn't even in the equation for us.
- glitcher 10y agoDefinitely agree with this. Add to it that Trader Joe's has a nice variety of prepared foods on their own brand that are also substantially less expensive than WF. It's a very telling sign where I live that the WF are primarily only in the most upscale neighborhoods, while Sprouts locations are much more accessible (and they always seem to be busy).
- adventured 10y agoIt appears Sprouts is suffering margin compression more than a sales hit. They're generating about the same net income as they did in fiscal 2014, but their sales are roughly 30% higher. If one believes in their long-term trajectory, the stock is 50% off from the IPO in 2013.
- someguydave 10y agoThat's a shame, Sprouts is my family's primary grocery store.