UPDATE: 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 $0.71 per share, beating the analyst consensus estimate of $0.63 by 12.7%. This is a 24.56% increase from the same period last year. The company also reported quarterly sales of $1.69 billion, in line with analyst estimates, marking a 6.08% increase from the same period last year.
August 04, 2023 | 10:36 am
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POSITIVE IMPACT
Sprouts Farmers Market reported better than expected Q2 earnings and met sales estimates. This could positively impact the company's stock in the short term.
Sprouts Farmers Market reported a significant increase in earnings compared to the same period last year and beat analyst estimates. This positive financial performance could increase investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100