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Sprouts Farmers beats Q2 profit forecasts
Sprouts Farmers Market Inc. reported second-quarter net income of $37.2 million, which topped Wall Street expectations. The natural and organic food retailer posted revenue of $1.03 billion in the period, narrowly missing Street forecasts of $1.04 billion, but topping last year’s sales by 14%. Same-store sales grew 4.1% in the period. -
Phishing attack exposes grocery chain employee data
The latest retail security breach may have exposed personal information of workers, rather than customers. According to The Denver Channel, a payroll employee of Phoenix-based, 220-plus-store Sprouts Farmers Markets provided W-2 tax form information from an unspecified number of the retailer’s personnel in response to a request in a fraudulent “phishing” email claiming to be from a company executive. The FBI and IRS are investigating the breach with cooperation from Sprouts.

