Sprouts Farmers Market Q2 Adj EPS $0.71 Beats $0.63 Estimate, Sales $1.69B Inline
Portfolio Pulse from Benzinga Newsdesk
Sprouts Farmers Market (NASDAQ:SFM) reported Q2 earnings of $0.65 per share, beating the analyst consensus estimate of $0.64 by 1.56%. This is a 14.04% increase from the same period last year. The company also reported quarterly sales of $1.69 billion, in line with analyst consensus estimates, marking a 6.08% increase from the same period last year.
August 04, 2023 | 10:17 am
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Sprouts Farmers Market beat Q2 earnings estimates and met sales estimates. This indicates a positive financial performance and could potentially lead to a short-term increase in stock price.
Beating earnings estimates generally indicates a company's good financial health and can lead to an increase in stock price as it may attract more investors. Meeting sales estimates also shows stability in the company's operations.
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