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Sprouts Farmers Market Inc Raises Low End Of Prior FY 2013 Revenue Guidance; Raises FY 2013 Earnings Guidance And Comparable Store Sales Guidance

Thursday, 7 Nov 2013 04:05pm EST 

Sprouts Farmers Market Inc updated its guidance for fiscal 2013 and estimates net sales growth of 20% to 21% (prior range 19% to 21%), Comparable store sales growth of 9.0% to 9.5% (prior range 8.5% to 9.0%), Adjusted EBITDA of $188 million to $192 million (prior range $180 million to $185 million), Adjusted Net Income of $63 million to $65 million (prior range $57 million to $60 million) and adjusted diluted earnings per share (EPS )of $0.45 to $0.46 (prior range $0.41 to $0.43). According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $2.394 billion, EBITDA of $183 million, net income of $60 million and EPS of $0.43 for fiscal 2013. 

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