Sprouts Farmers: 3Q Earnings Snapshot
PHOENIX (AP) _ Sprouts Farmers Market Inc. (SFM) on Wednesday reported third-quarter earnings of $26.3 million.
The Phoenix-based company said it had profit of 22 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.
The natural and organic food retailer posted revenue of $1.44 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $1.42 billion.
For the current quarter ending in December, Sprouts Farmers expects its per-share earnings to range from 12 cents to 15 cents.
The company expects full-year earnings in the range of $1.10 to $1.13 per share.
Sprouts Farmers shares have declined 20% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.77, a decrease of 32% in the last 12 months.