Sprouts Farmers Market is trading 8.6% up at $86.00 after reporting second-quarter earnings that exceeded analyst expectations for earnings per share.
- Net sales rose 5% to $2.3 billion, driven by new store growth, despite a 1% decline in comparable store sales.
- Investors are focusing on the earnings beat and continued expansion, even as management issued a cautious Q3 EPS outlook of $1.20–$1.24, compared to the $1.28 consensus.