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Sprouts Farmers Market posts strong year; to open 22 to 24 stores
Phoenix – Same-store sales and strong performance at new stores helped drive impressive net come and revenue growth at Sprouts Farmers Markets Inc. during the fourth quarter and fiscal year 2014. On a year-over-year basis, net earnings more than doubled to $9.3 million from $5.9 million in the quarter and almost tripled to $51.3 million from $19.5 million.
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Mixed bag for Zale in second quarter
A little more than a week after Signet Jewelers said it plans to acquire all of the issued and outstanding stock of Zale for $21 per share in cash consideration, Zale reported net earnings of $51 million in the second quarter, a 10% increase from $41 million in the prior-year period.
Same-store sales increased 1.9%, but revenues slipped 2% to $656 million from $671 million.