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Investing.com — Sprouts Farmers Market lifted its full-year guidance after reporting mixed third-quarter results.
Sprouts Farmers Market (NASDAQ:SFM) rose more than 4% in afterhours trading following the report.
The company reported EPS of $0.61 per diluted share on revenue of $1.59 billion, compared with estimates for $0.51 per share and $1.58B, respectively.
Looking ahead to Q4, the company expects adjusted EPS in a range of $0.35 to $0.39, in line with expectations for $0.33.
For the full year, Sprouts Farmers lifted its adjusted EPS to between $2.32 and $2.36 and sales to grow from 4.5% to 5%, compared with a prior estimate for adjusted EPS of $2.18 to $2.26 and sales growth of 4% to 5% outlined in August.
“Due to our strong performance to date, we are raising our full-year outlook,” said Chip Molloy, chief financial officer of Sprouts Farmers Market.
