Sprouts Farmers Market (SFM) reported Q1 earnings late Wednesday of $1.81 per diluted share, up from $1.12 a year earlier.

Analysts polled by FactSet expected $1.56.

Net sales for the 13 weeks ended March 30 were $2.24 billion, up from $1.88 billion a year earlier.

Analysts surveyed by FactSet expected $2.21 billion.

For Q2, the company is projecting EPS of $1.19 to $1.23. Analysts polled by FactSet expect $1.14.

The company also sees 2025 EPS of $4.94 to $5.10 with net sales increasing 12% to 14%. Analysts polled by FactSet expect $4.67 and $8.68 billion, respectively.

Shares of Sprouts Farmers were 4.1% lower in Wednesday's after-hours activity.