Sprouts Farmers: 2Q Earnings Snapshot
PHOENIX (AP) _ Sprouts Farmers Market Inc. (SFM) on Thursday reported second-quarter earnings of $35.3 million.
On a per-share basis, the Phoenix-based company said it had net income of 30 cents.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.
The natural and organic food retailer posted revenue of $1.42 billion in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $1.45 billion.
Sprouts Farmers expects full-year earnings to be $1.05 to $1.09 per share.
Sprouts Farmers shares have declined 28% since the beginning of the year. The stock has dropped 21% in the last 12 months.