Shares of grocery store chain Sprouts Farmers Market (NASDAQ:SFM) jumped 15.2% in the afternoon session after the company reported first-quarter results with same-store sales above expectations, leading to a revenue and, ultimately, an EPS beat. Sprouts's optimistic earnings forecast for the next quarter and the full year were impressive, which beat analysts' expectations. Zooming out, we think this was a great quarter that shareholders will appreciate.
Reports Record Full Year Revenue of $1,088.6 Million, Reflecting 38% GrowthAchieves 49% Growth in Adjusted EBITDA to Record $187.1 MillionIssues Financial Guidance for 2024, Crossing the $1.3 Billion.
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Outdoor sports and recreation products corporation (NYSE:VSTO) missed analysts' expectations in Q3 FY2024, with revenue down 9.6% year on year to $682.3 million. On the other hand, the company's outlook for the full year was close to analysts' estimates with revenue guided to $2.78 billion at the midpoint. It made a GAAP loss of $2.55 per share, down from its profit of $1.13 per share in the same quarter last year.