Sprouts Farmers Market Raises Profit Outlook, Shares Rebound
Sprouts Farmers Market (SFM) shares rebounded this week after the company raised its full-year profit outlook. The company reported a 4% year-over-year increase in net sales to $2.3 billion in its fiscal first quarter, driven by store expansion, though comparable sales at existing locations declined by 1.7%. Sprouts also generated $137 million in free cash flow and returned $140 million to shareholders through buybacks.
Tickers: $SFM
Topics: financial performance free cash flow profit outlook Sprouts Farmers Market store expansion