One Grocery Store Is Successfully Fighting Back Against Amazon
by Seth Archer, AOL
Posted: 2017-11-06 15:55:40 EST

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.

Mark Carden, an analyst at UBS, called Sprouts' report "straight up fresh" and is bullish on the future of the company.

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