Sprouts Farmers Market Stock Is Up On Q2 Results, Strong Q3 Guidance
Portfolio Pulse from Erica Kollmann
Sprouts Farmers Market (NASDAQ:SFM) shares surged after the company reported strong Q2 earnings and provided robust Q3 guidance. The company beat both earnings and sales estimates, reported a 6.7% growth in comparable store sales, and opened five new stores. SFM shares rose 13.09% in after-hours trading.
July 29, 2024 | 8:53 pm
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Sprouts Farmers Market reported strong Q2 earnings, beating estimates with 91 cents per share and $1.89 billion in sales. The company also provided positive Q3 guidance, leading to a 13.09% increase in after-hours trading.
The strong Q2 earnings report, which beat both earnings and sales estimates, along with positive Q3 guidance, has led to a significant increase in SFM's stock price. The company's growth in comparable store sales and expansion with new stores further supports the positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100