10 Stocks Record Biggest Double-Digit Drop on Friday

7. Sprouts Farmers Market Inc. (NASDAQ:SFM)

Sprouts fell by 15.59 percent on Friday to end at $143.32 each as investors sold off positions, shunning news of its impressive earnings performance last year.

The company’s shares traded in line with the overall market downturn, as well as the drop in the grocery stores sector which shed 2.79 percent on Friday amid inflation concerns.

In its earnings release, SFM said it achieved a 59.2-percent higher net income in the fourth quarter of 2024 at $79.6 million versus the $50 million registered in the same period last year, with net sales increasing 17.5-percent to $1.996 billion from the $1.698 billion year-on-year.

Net income for the full year rose by 47 percent to $380 million from $258.8 million in 2023, while revenues grew by 12.9 percent to $7.7 billion from $6.8 billion.

The latest survey from the University of Michigan released Friday said that US consumer sentiment declined this February, a second straight month, amid concerns about Trump’s tariffs jacking up prices of goods.