Sprouts Farmers Market Sees Stock Rise After Strong Earnings Report
Sprouts Farmers Market's stock rose 17% following its first-quarter earnings report, which exceeded Wall Street's low expectations despite a 6% decline in earnings per share. The company reported a 4% sales increase and guided for full-year revenue growth of 5.5% and EPS of $5.40. The stock is trading at a low forward price-to-earnings ratio of 15.
Tickers: $SFM
Topics: Earnings Sales Growth Share Buybacks Stock Performance Store Expansion