Sprouts Farmers Beats Q1 Earnings and Revenue Estimates
Sprouts Farmers (NASDAQ: SFM) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $0.98 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 12%. A quarter ago, it was expected that this natural and organic food retailer would post earnings of $0.45 per share when it actually produced earnings of $0.49, delivering a surprise of 8.89%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Sprouts Farmers, which belongs to the Zacks Food – Natural Foods Products industry, posted revenues of $1.88 billion for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 2.20%. This compares to year-ago revenues of $1.73 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.
Sprouts Farmers …
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