Sprouts Farmers: Q3 Earnings Snapshot

Associated Press Finance
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PHOENIX (AP) — PHOENIX (AP) — Sprouts Farmers Market Inc. (SFM) on Tuesday reported third-quarter profit of $65.3 million.

The Phoenix-based company said it had net income of 64 cents per share. Earnings, adjusted for non-recurring costs, were 65 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.

The natural and organic food retailer posted revenue of $1.71 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $1.68 billion.

For the current quarter ending in December, Sprouts Farmers expects its per-share earnings to range from 42 cents to 46 cents.

The company expects full-year earnings in the range of $2.77 to $2.81 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SFM at https://www.zacks.com/ap/SFM

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