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SFMVery BullishEarningsnews
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Why Sprouts Farmers Market Stock Jumped 13% to a Record High on Tuesday

Jul 30, 2024, 6:46 PM EDT1 sourcesAI-analyzed

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Sprouts Farmers Market shares surged 13% after strong quarterly results. Q2 2024 diluted EPS rose to 94 cents, beating expectations. Same-store sales growth was 6.7%, higher than previous quarter's 4%. 2024 net sales growth forecast increased to 9%-10% from 7%-8%. Company opened five new stores, totaling 419 locations.

  • Sprouts Farmers Market shares surged 13% after strong quarterly results.
  • Q2 2024 diluted EPS rose to 94 cents, beating expectations.
  • Same-store sales growth was 6.7%, higher than previous quarter's 4%.
  • 2024 net sales growth forecast increased to 9%-10% from 7%-8%.
  • Company opened five new stores, totaling 419 locations.

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