PHOENIX (AP) — PHOENIX (AP) — Sprouts Farmers Market Inc. (SFM) on Wednesday reported first-quarter profit of $180 million.
On a per-share basis, the Phoenix-based company said it had net income of $1.81.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.54 per share.
The natural and organic food retailer posted revenue of $2.24 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $2.2 billion.
Sprouts Farmers expects full-year earnings to be $4.94 to $5.10 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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