24/7 Market News- Sprouts Farmers Market Reports Q2 2024 Results
DENVER, Colo., Jul 30, 2024 (247marketnews.com)- Sprouts Farmers Market, Inc. (Nasdaq:SFM) reported second quarter 2024 results.
The second quarter highlights a 12% increase in net sales, to $1.9 billion; compared to the same period in 2023, with comparable store sales growth of 6.7%.
Sprouts Farmers Market’s CEO, Jack Sinclair, commented, “Sprouts saw outstanding second quarter results, thanks to exceptional teamwork and strategic focus.
“Customers are responding to our healthy product assortment and our unique in-store experience. We are excited about the opportunities ahead.”
The second quarter highlights a 12% increase in net sales, to $1.9 billion; compared to the same period in 2023, with comparable store sales growth of 6.7%.
Sprouts is projecting comparable store sales growth of 3.5% to 4.5% and adjusted diluted earnings per share of $0.71 to $0.75. for the third quarter, while its projecting net sales growth of 9% to 10%, comparable store sales growth of 4% to 5%, and adjusted diluted earnings per share of $3.29 to $3.37, for the full-year 2024.
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