- The stock price of many grocers was hit hard after Amazon bought Whole Foods.
- Sprouts Farmers Market was included in the group affected by Amazon, but lower prices and a focus on produce may save it from Amazon’s death grip.
- Sprouts is one of the best-positioned grocers right now, according to one analyst.
- Watch Sprouts Farmers Market’s stock price move in real time here.
The day Amazon’s $13.7 billion acquisition of Whole Foods went through, grocery stores across the nation watched their share prices tank as the disruptive giant officially entered their domain.
Sprouts Farmers Market was among those grocers affected by the deal. It dropped 17.21% in three days as the Whole Foods deal was finalized and completed. But, the company isn’t standing still. It reported its third-quarter earnings on Thursday, and beat Wall Street’s expectations for earnings and revenue by a wide margin.