Sprouts Farmers Market Q3 Adj $0.65 Beats $0.62 Estimate, Sales $1.71B Beat $1.68B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sprouts Farmers Market (NASDAQ:SFM) reported Q3 earnings of $0.65 per share, beating the analyst consensus estimate of $0.62 by 4.84%. The company also reported quarterly sales of $1.71 billion, surpassing the analyst consensus estimate of $1.68 billion by 1.96%. Both earnings and sales show an increase compared to the same period last year.
October 31, 2023 | 1:23 pm
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POSITIVE IMPACT
Sprouts Farmers Market's Q3 earnings and sales have exceeded analyst estimates, indicating a positive financial performance.
Sprouts Farmers Market has reported higher than expected earnings and sales for Q3. This indicates a strong financial performance and could potentially lead to a positive reaction in the market, driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100