Why Sprouts Farmers Market Stock Jumped 13% to a Record High on Tuesday
SFMSprouts Farmers Market(SFM) Investopedia·2024-07-31 06:41

Key TakeawaysShares of Sprouts Farmers Market soared 13% to an all-time high Tuesday after the company reported quarterly results that beat Wall Street expectations and raised its full-year guidance.The supermarket chain posted same-store sales growth of 6.7% and opened five new stores in the latest quarter.Sprouts now expects 2024 net sales growth of 9% to 10%, up from a previous projection of 7% to 8%. Shares of Sprouts Farmers Market (SFM) soared to an all-time high Tuesday after the supermarket chain re ...