Sprouts Farmer Market rises on annual forecast raise
BUZZ-Sprouts Farmer Market rises on annual forecast raise ** Shares of Sprouts Farmers Market SFM.O up 4% at $82.98 in aftermarket trading
** Co raises the lower end of its annual net sales forecast and upper end of its profit outlook
** Expects annual net sales growth of 5.5% to 6.5%, compared to prior forecast of 4.5% to 6.5%
** Sees annual EPS of $5.32 to $5.40 vs estimate of $5.32 to $5.48
** Posts Q2 EPS of $1.37 vs estimate of $1.34
** Co said in its earnings call it expects a little bit impact from the ongoing cyclosporiasis outbreak with most of the effect expected in the third quarter
** As of last close, stock down ~1% YTD
(Reporting by Koyena Das from Bengaluru)
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