Hamilton Dustin sold $23K of SFM

Albertsons (ACI) reported flat Q2 revenue at $24.94B, missing EBITDA estimates, and is down 14%. Grocery Outlet (GO) reported $1.19B revenue, up 1.1%, and is up 12.5%. Sprouts (SFM) reported $2.33B revenue, up 4.7%, and is down 9.4%. Kroger (KR) reported $34.62B revenue, up 2%, and is up 7.7%.

Live cattle futures fell $1.175 to $215.85, while feeder cattle rose $0.90 to $321.35. USDA reported 1,700 Mexican feeder cattle entered the US, with prices steady. Smithfield Foods expects a Q3 loss of $70M-$90M in fresh pork due to declining margins. Cargill's Fort Morgan beef plant plans to restart operations after labor agreement approval.

Smithfield Foods expects a $70M-$90M adjusted operating loss in its fresh pork segment for Q3 2026, reversing from a $10M profit last year. CEO Shane Smith cited lower hog prices and falling pork cutout values. Packaged meats, the largest segment, remain on track with forecasted income of $1.08B-$1.15B. The company's stock fell 2% in extended trading.

Sprouts Farmers Market announced CEO Jack Sinclair will step down in early 2027 and become executive chairman. Nick Konat, current president and COO, will succeed him as CEO. Sinclair's tenure saw growth in store count and stock price.

Sprouts Farmers Market has named Nick Konat as its next CEO, effective January 4, 2027. Konat, currently president and COO, will succeed Jack Sinclair, who will become executive chairman. The company operates over 480 stores across 25 states and employs approximately 36,000 people. The transition is part of Sprouts' planned leadership succession.

Evercore ISI Group maintained an 'Outperform' rating for Sprouts Farmers Market (SFM) and raised its price target to $95. The company's GF Value™ suggests it is 13.3% undervalued, with a GF Score™ of 92/100. Insider sales totaled $6.9M over the last three months.