Sprouts Farmers Markets, Inc. Stock News

Sprouts Farmers Market reported Q2 earnings. The company had strong revenue growth and margin expansion.

Shares of Sprouts Farmers Market (SFM) soared to an all-time high Tuesday after the supermarket chain reported quarterly results that beat Wall Street expectations and raise its guidance for the full year.

SFM reported incredibly strong Q2 financials with 11.9% revenue growth, beating both revenue and EPS estimates with the strong comparable store growth of 6.7%. The 2024 guidance range was raised with the incredibly strong sales trends, with incremental sales falling well into the bottom line as well. The stock's valuation is getting more expensive, but with the proven great performance, I belie...

Sprouts Farmers Market Inc. (NASDAQ: SFM) saw its stock jump 15% today, buoyed by stellar Q2 results and a slew of analyst upgrades. On July 30th, Wells Fargo upgraded SFM's stock from Underweight to Equal Weight, while also raising the price target from $62 to $90.

Sprouts topped estimates on the top and bottom lines. The stock has surged over the last few years.

Sprouts Farmers Market, Inc. (NASDAQ:SFM ) Q2 2024 Earnings Conference Call July 29, 2024 5:00 PM ET Company Participants Susannah Livingston - VP of IR and Treasurer Jack Sinclair - CEO Curtis Valentine - CFO Conference Call Participants John Heinbockel - Guggenheim Securities Leah Jordan - Goldman Sachs Mark Carden - UBS Rupesh Parikh - Oppenheimer Michael Montani - Evercore ISI Ken Goldman -...

PHOENIX--(BUSINESS WIRE)--Sprouts Farmers Market, Inc. (Nasdaq: SFM) today reported results for the 13-week second quarter ended June 30, 2024. "Sprouts saw outstanding second quarter results, thanks to exceptional teamwork and strategic focus,” said Jack Sinclair, chief executive officer of Sprouts Farmers Market. “Customers are responding to our healthy product assortment and our unique in-st...

Sprouts aims to increase the number of stores by 10% per year, and currently appears to be managing to maintain this pace. The company has grown significantly in recent years, and currently shows strong fundamentals. The stock has seen a growth of 111% in a year, and through my valuation, I believe there is still room for further growth.