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Whole Foods sales disappoint as grocery rival Sprouts goes public
Whole Foods sales disappoint as grocery rival Sprouts goes public

Sprouts Farmers Market Inc. shares are gearing up to hit the public market at higher-than-expected prices a day after Whole Foods Market Inc. let down Wall Street with its earnings. But when asked about the increasingly crowded natural and organic grocery space, Whole Foods Co-Chief Executive Walter E. Robb told rivals: “Bring it on.” “I would just say we love competition,” he told a conference call of analysts. “I think we feel good about our chances going forward.” Robb’s co-CEO, John P. Mackey, attributed the burgeoning field to “the nature of capitalism.” “Success breeds competition,” he said. “And so I expect that we’ll see more competition, but again, we have first mover...

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