04:47 PM EDT, 07/29/2024 (MT Newswires) -- Sprouts Farmers Market ( SFM ) reported Q2 adjusted earnings late Monday of $0.94 per diluted share, up from $0.71 a year earlier.

Analysts polled by Capital IQ expected $0.78.

Sales in the 13 weeks ended June 30 rose to $1.89 billion from $1.69 billion a year earlier. Analysts surveyed by Capital IQ expected $1.84 billion.

In Q3, the company expects adjusted EPS of $0.71 to $0.75. Analysts expect $0.70.

Sprouts Farmers boosted guidance for full-year adjusted EPS to $3.29 to $3.37 on sales growth of 9% to 10% from adjusted EPS of $3.05 to $3.13 on sales growth of 7% to 8%.

Analysts surveyed by Capital IQ expect normalized EPS of $3.13 on revenue of $7.4 billion.

Shares of the company jumped 14% in recent after-hours activity.

Price: 96.18, Change: +11.52, Percent Change: +13.61