Sprouts Farmers Q3 Tops Estimates; Ups Guidance; Shares Jump After-Hours

MT Newswires Live

Oct 31, 2024

Sprouts Farmers Market (SFM) reported Q3 adjusted earnings late Wednesday of $0.91 per diluted share, up from $0.65 a year earlier.

Analysts polled by Capital IQ expected $0.77.

Sales in the 13 weeks ended Sept. 29 rose to $1.95 billion from $1.71 billion a year earlier. Analysts surveyed by Capital IQ expected $1.88 billion.

For Q4, the firm expects adjusted EPS of $0.67 to $0.71. Analysts expect $0.58.

Sprouts Farmers boosted its guidance for full-year adjusted EPS to $3.64 to $3.68 on sales growth of about 12% from its previous estimates for adjusted EPS of $3.29 to $3.37 on sales growth of 9% to 10%. Analysts surveyed by Capital IQ expect EPS of $3.42 on revenue of $7.52 billion.

Shares of the company jumped 11% in after-hours activity.

Price: 133.00, Change: +14.16, Percent Change: +11.92

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Analysts surveyed by Capital IQ expected $1.88 billion.</p><p>For Q4, the firm expects adjusted EPS of $0.67 to $0.71. Analysts expect $0.58.</p><p>Sprouts Farmers boosted its guidance for full-year adjusted EPS to $3.64 to $3.68 on sales growth of about 12% from its previous estimates for adjusted EPS of $3.29 to $3.37 on sales growth of 9% to 10%. Analysts surveyed by Capital IQ expect EPS of $3.42 on revenue of $7.52 billion.</p><p>Shares of the company jumped 11% in after-hours activity.</p><p>Price: 133.00, Change: +14.16, Percent Change: +11.92</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4505","symbol_name":"高瓴资本持仓","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2479762532","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479762532","pubTimestamp":1730325507,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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