tiprankstipranks
Sprouts Farmers Reports Strong Q3 2024 Performance
Company Announcements

Sprouts Farmers Reports Strong Q3 2024 Performance

Don't Miss our Black Friday Offers:

The latest announcement is out from Sprouts Farmers ( (SFM) ).

Sprouts Farmers Market, Inc. reported a strong third quarter for 2024, with net sales rising 14% to $1.9 billion and comparable store sales increasing by 8.4%. The company also saw a significant boost in earnings per share, reaching $0.91 compared to $0.64 in the previous year. Sprouts opened nine new stores, bringing the total to 428 across 23 states, and ended the quarter with $310 million in cash. Looking ahead, Sprouts anticipates continued growth with projected sales increases and plans to open more stores in 2024.

See more data about SFM stock on TipRanks’ Stock Analysis page.

Related Articles
TheFlySprouts Farmers Market price target raised to $140 from $102 at BMO Capital
TheFlySprouts Farmers Market price target raised to $127 from $118 at RBC Capital
TheFlySprouts Farmers Market price target raised to $130 from $90 at Wells Fargo
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App