These Analysts Lower Their Forecasts On Sprouts Farmers Market Following Q3 Results
Sprouts Farmers Market, Inc. (NASDAQ:SFM) reported worse-than-expected third-quarter sales results and issued fourth-quarter adjusted EPS guidance below estimates on Wednesday.Sprouts Farmers Market reported quarterly earnings of $1.22 per share which beat the analyst consensus estimate of $1.17 per share. The company reported quarterly sales of $2.200 billion which missed the analyst consensus estimate of $2.225 billion.Sprouts Farmers Market said it sees fourth-quarter adjusted EPS of 86 cents to 90 cents, versus market estimates of 98 cents.“We are opening stores nationwide, and our strategy continues to resonate with our target customers, resulting in strong third quarter performance,” said Jack Sinclair, chief executive officer of Sprouts Farmers ...Full story available on Benzinga.com
