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Sprouts Farming sinks after lowering annual sales growth outlook

By Reuters News

** Shares in food retailer Sprouts Farmers Market SFM.O hit lowest since December 2023, slide to 22% to $48.35 in afternoon trading

** Company cuts FY26 net sales growth forecast to 4.3%, down from 5.5% to 6.5%

** Posts Q3 sales of $2.3 bln, missing analysts' estimates of $2.33 bln, according to data compiled by LSEG

** Cyclospora parasite and consumer conditions affected the downbeat results — CEO Jack Sinclair

** Seven of 18 brokerages rate the stock "buy" or higher, nine "hold" and two "sell" or lower; median PT is $94.50

** Including session's move, stock down 39.3% YTD

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