Welcome to our dedicated page for Sprouts Farmers Market news (Ticker: $SFM), a resource for investors and traders seeking the latest updates and insights on Sprouts Farmers Market stock.
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Sprouts Farmers Market, Inc. (Nasdaq: SFM) reported strong financial results for the first quarter of 2024, with net sales totaling $1.9 billion, a 9% increase from the same period in 2023. The company saw a 4.0% growth in comparable store sales and reported diluted earnings per share of $1.12. Sprouts also opened 7 new stores during the quarter, bringing the total to 414 stores in 23 states. The company ended the quarter with $312 million in cash and cash equivalents and provided outlook for the second quarter and full-year 2024.
Sprouts Farmers Market released its 2023 Impact Report highlighting its commitment to Impactful Products, Thriving Planet, Purposeful People, and Healthy Communities. The report showcases achievements in sales of healthy products, sustainability goals, employee development, and community support.