Sprouts Farmers Market Sees Q4 2024 Adj. EPS $0.67-$0.71 Vs $0.58 Estimate
Portfolio Pulse from Benzinga Newsdesk
Sprouts Farmers Market has provided a positive outlook for Q4 2024, with adjusted EPS expected to be between $0.67 and $0.71, surpassing the $0.58 estimate. The company anticipates strong comparable store sales growth and plans to open 33 new stores in 2024, although two Florida store openings will be delayed to 2025 due to Hurricane Milton.
October 30, 2024 | 8:32 pm
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Sprouts Farmers Market projects Q4 2024 adjusted EPS of $0.67-$0.71, exceeding the $0.58 estimate. The company expects strong sales growth and plans to open 33 new stores, with some delays due to Hurricane Milton.
The positive earnings forecast exceeding estimates is likely to boost investor confidence and drive the stock price up. The strong sales growth and expansion plans further support a positive outlook, although the delay in store openings due to Hurricane Milton may slightly temper enthusiasm.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100