US85208M1027 - Common Stock
Why the quality investor may take a look at SPROUTS FARMERS MARKET INC (NASDAQ:SFM).
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We're also talking about a niche grocer, growth at a reasonable price, and candy.
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Shares of grocery store chain Sprouts Farmers Market (NASDAQ:SFM) jumped 13.7% in the pre-market session after the company reported a "beat and raise" quarter. Third quarter results blew past analysts' revenue , EBITDA, and EPS estimate. Amid what management considered robust traffic and high execution levels, the solid performance enabled SFM to raise full-year sales and profitability guidance. Zooming out, we think this quarter featured some important positives.
The natural foods grocery chain posted strong growth in its third-quarter report.
Grocery store chain Sprouts Farmers Market (NASDAQ:SFM) beat Wall Street’s revenue expectations in Q3 CY2024, with sales up 13.6% year on year to $1.95 billion. Its non-GAAP profit of $0.91 per share was also 18.1% above analysts’ consensus estimates.
Grocery store chain Sprouts Farmers Market (NASDAQ:SFM) will be announcing earnings results tomorrow afternoon. Here’s what to look for.
This is a great example of why investors need to watch the business and not the stock price.
Sprouts Farmers Market Inc. has already more than doubled this year, and Evercore ISI sees that relentless rally extending even further as the natural and organic food retailer cashes in on well-heeled shoppers’ focus on healthy eating.
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