PHOENIX (AP) — PHOENIX (AP) — Sprouts Farmers Market Inc. (SFM) on Wednesday reported first-quarter earnings of $163.7 million.
The Phoenix-based company said it had net income of $1.71 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.67 per share.
The natural and organic food retailer posted revenue of $2.33 billion in the period, which met Street forecasts.
Sprouts Farmers expects full-year earnings to be $5.32 to $5.48 per share.
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