Why Sprouts Farmers Market Stock Was Soaring Today

Sprouts' business prides itself on fresh produce and a focus on wellness, and the company continues to impress Wall Street. The grocer beat estimates on both the top and bottom lines. Comparable sales in the quarter rose 6.7%, driving revenue up 12% to $1.89 billion, which topped the consensus of$1.84 billion. Gross margin improved from 37% to 37.9%, which helped drive earnings per share up from $0.65 to$0.94, easily topping expectations of $0.78. CEO Jack Sinclair said: "Customers are responding to our h ...