Why Sprouts Farmers Market (SFM) Stock Is Climbing In After-market Trading

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.

SFM Chart

SFM data by YCharts

STOCKS TO BUY: TheStreet's Stocks Under $10 has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

More from Markets

Oil Tests $70 as Saudi Arabia Preps Aramco IPO and Sanction Threats Bite

Oil Tests $70 as Saudi Arabia Preps Aramco IPO and Sanction Threats Bite

Global Stocks Mixed as Oil, Commodity Price Surges Ignite Fresh Inflation Talk

Global Stocks Mixed as Oil, Commodity Price Surges Ignite Fresh Inflation Talk

P&G Buys Consumer Healthcare Unit From Germany's Merck in First Peltz-Era Deal

P&G Buys Consumer Healthcare Unit From Germany's Merck in First Peltz-Era Deal

Amazon's Stock Spikes After Jeff Bezos Says He Has 100 Million Prime Members

Amazon's Stock Spikes After Jeff Bezos Says He Has 100 Million Prime Members

Amazon, Procter & Gamble, Southwest and Netflix - 5 Things You Must Know

Amazon, Procter & Gamble, Southwest and Netflix - 5 Things You Must Know