Sprouts Farmers Q3 Profit Misses Forecasts as Earnings and Revenue Fall Short of Street Estimates

Sprouts Farmers Market Inc. (SFM) reported third-quarter net income of $113.4 million, or $1.21 per share, missing Wall Street expectations of $1.22 per share, according to an average estimate of six analysts surveyed by Zacks Investment Research. The Phoenix-based natural and organic food retailer posted revenue of $2.3 billion, also falling short of the $2.33 billion forecast by five analysts surveyed by Zacks. The company expects full-year earnings of $4.80 per share.