04:00 AM EDT, 05/02/2024 (MT Newswires) -- Sprouts Farmers Market ( SFM ) reported Q1 adjusted earnings late Wednesday of $1.12 per diluted share, up from $0.98 a year earlier.

Analysts polled by Capital IQ expected $1.01.

Sales for the quarter ended March 31 were $1.88 billion, up from $1.73 billion a year earlier. Analysts surveyed by Capital IQ expected $1.85 billion.

For Q2, the company expects adjusted EPS to be in a range of $0.75 to $0.79, while analysts polled by Capital IQ are expecting $0.77.

Sprouts Farmers now anticipates adjusted EPS for full-year 2024 to come in between $3.05 and $3.13 on sales growth of 7% to 8%. It previously expected adjusted EPS of $2.85 to $2.95 and sales to grow between 5.5% and 7.5%.

Analysts surveyed by Capital IQ are expecting normalized EPS of $3.04 on revenue of $7.38 billion for 2024.

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