Why Sprouts Farmers Market Inc. Is Tanking Over 14%
Sprouts Farmers Market Inc. (NYSE: SFM) is down just over 14% as of 10:00 A.M. EDT following its announcement of a leadership change after the market closed yesterday. The natural and organic grocer announced that CEO Amin Maredia will step down from his role on December 30, 2018 to “pursue other interest,” and noted that Jim Nielson, its president and COO, and Brad Lukow, its CFO, will serve as co-CEOs until a permanent replacement is found.