Sprouts Farmers Stock Surges on Q3 Earnings Beat & Comp Sales Growth

Shares of Sprouts Farmers Market, Inc. (SFM) advanced 12% during the after-market trading session yesterday. The stock gained following the company’s better-than-expected third-quarter performance and upbeat outlook for 2024.Both top and bottom lines increased year over year and beat their respective Zacks Consensus Estimate. Decent comparable sales, positive traffic trends, accelerating unit growth and robust e-commerce impacted the company's results favorably. Demand for food at home and an intensified fo ...