Sprouts Farmers Market Stock Is Up On Q2 Results, Strong Q3 Guidance

Sprouts Farmers Market, Inc. (NASDAQ:SFM) shares are up after the company reported its second-quarter financial results Monday. Here's a look at the key figures from the report. 

The Details: Sprouts Farmers Market reported quarterly earnings of 91 cents per share, beating the 78-cent estimate, and quarterly sales of $1.89 billion, beating the $1.835 billion estimate.

The company reported comparable store sales growth of 6.7%, and it opened five new stores, resulting in 419 stores in 23 states as of June 30, 2024.

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“Sprouts saw outstanding second-quarter results, thanks to exceptional teamwork and strategic focus,” said Jack Sinclair, CEO of Sprouts Farmers Market. “Customers are responding to our healthy product assortment and our unique in-store experience. We are excited about the opportunities ahead.”

Outlook:  Sprouts sees third-quarter adjusted earnings of between 71 cents and 75 cents per share, above the 69-cent estimate.

SFM Price Action: According to Benzinga Pro, Sprouts Farmers Market shares are up 13.09% after-hours at $95.74 at the time of publication Monday.

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