05:58 PM EDT, 10/30/2024 (MT Newswires) -- Sprouts Farmers Market ( SFM ) reported Q3 adjusted earnings late Wednesday of $0.91 per diluted share, up from $0.65 a year earlier.

Analysts polled by Capital IQ expected $0.77.

Sales in the 13 weeks ended Sept. 29 rose to $1.95 billion from $1.71 billion a year earlier. Analysts surveyed by Capital IQ expected $1.88 billion.

For Q4, the firm expects adjusted EPS of $0.67 to $0.71. Analysts expect $0.58.

Sprouts Farmers boosted its guidance for full-year adjusted EPS to $3.64 to $3.68 on sales growth of about 12% from its previous estimates for adjusted EPS of $3.29 to $3.37 on sales growth of 9% to 10%. Analysts surveyed by Capital IQ expect EPS of $3.42 on revenue of $7.52 billion.

Shares of the company jumped 11% in after-hours activity.

Price: 133.00, Change: +14.16, Percent Change: +11.92