-- (Updates with the latest stock price movement in the headline and the first paragraph.)
Sprouts Farmers Market (SFM) shares rose 18% on Thursday, a day after the company reported higher-than-expected Q1 results.
The company reported Q1 net income late Wednesday of $1.71 per diluted share, down from $1.81 a year earlier.
Analysts polled by FactSet expected $1.68.
Net sales for the three months ended March 29 rose to $2.33 billion from $2.24 billion a year earlier.
Analysts surveyed by FactSet expected $2.32 billion.
The company said it expects Q2 EPS of $1.32 to $1.36. Analysts expect $1.35.
The company now expects 2026 EPS of $5.32 to $5.48, compared with its prior guidance of $5.28 to $5.44. Analysts expect $5.54.
Price: $83.76, Change: $+12.63, Percent Change: +17.76%