Sprouts Farmers Market has an improvement on orders/plan contrary to estimates of slight top-line deterioration, according to OTR Global. For FYQ416 orders were above plan for five of 14 (it was one of 15 in FYQ3). Orders improved slightly year-on-year especially in December, but seven of 11 suppliers said Sprouts contributed more on margin to discount aggressively. Upgrade to mixed.
On Whole Foods Market (WFM), remain negative, OTR says. FYQ117 orders are below plan for 10 of 20 suppliers (was eight of 20 in FY4Q16) and are down year-on-year for 12 of 21 as pressure from Costco Wholesale (COST) and e-commerce grows.