NEW YORK (TheStreet) -- Sprouts Farmers Market (SFM) shares up 5.84% to $29 in after-market trading, gaining back some of the double digit loss it experienced during the day, following the release of the company's first quarter earnings results.
Net sales for the quarter were up 26% from the same period last year to $722.6 million, beating analysts estimates of $716 million in revenue.
The company also reported net income of $33.7 million, or 22 cents per diluted share, eclipsing analysts quarterly guidance of 19 cents per share.
Must Read: Warren Buffett's 10 Favorite Growth Stocks
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.