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Sprouts Farmers Market announces $600 million share repurchase program

Sprouts Farmers Market Inc. (SFM) shares rose 4.7% in Friday premarket trading after the grocer announced a new $600 million share repurchase program. The new program replaces a previous one that had $100 million remaining. The program expires on December 31, 2024. Sprouts stock has run up 30.6% over the past year while the S&P 500 index is up 15.8%.

-Tonya Garcia

 

(END) Dow Jones Newswires

03-04-22 0801ET

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