Sprouts Farmers Market Stock Is Up On Q2 Results, Strong Q3 Guidance - Sprouts Farmers Market (NASDAQ:SFM

Benzinga

2024-07-30 00:53

Sprouts Farmers Market shares are up after the company reported its second-quarter financial results Monday. Here's a look at the key figures from the report.

　　Sprouts Farmers Market, Inc.SFM shares are up after the company reported its second-quarter financial results Monday. Here's a look at the key figures from the report.

　　The Details:Sprouts Farmers Market reported quarterly earnings of 91 cents per share, beating the 78-cent estimate, and quarterly sales of $1.89 billion, beating the $1.835 billion estimate.

　　The company reported comparable store sales growth of 6.7%, and it opened five new stores, resulting in 419 stores in 23 states as of June 30, 2024.

　　“Sprouts saw outstanding second-quarter results, thanks to exceptional teamwork and strategic focus,” said Jack Sinclair, CEO of Sprouts Farmers Market. “Customers are responding to our healthy product assortment and our unique in-store experience. We are excited about the opportunities ahead.”

　　Outlook: Sprouts sees third-quarter adjusted earnings of between 71 cents and 75 cents per share, above the 69-cent estimate.

　　SFM Price Action:According to Benzinga Pro, Sprouts Farmers Market shares are up 13.09% after-hours at $95.74 at the time of publication Monday.

　　Image: Pete Linforth from Pixabay

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