PHOENIX, AZ - Sprouts released its Q2 financial report on August 7th, 2014, beating analysts expectations across the board. Net sales rose 20% over numbers from the same period in 2013 to $743.8 million and comparable store sales grew 9.5%.

"We are very proud of our continuing strong sales growth during the quarter and ability to leverage those sales into outstanding earnings improvement," said Doug Sanders, President and Chief Executive Officer of Sprouts Farmers Market. "These results give us confidence to increase our financial outlook for the year.”

Sanders also spoke proudly in Sprouts' financial statement of the success the company has enjoyed during the early stages of its Southeastern expansion.

“During the quarter, we opened our first store in the Southeast with tremendous response from customers," he said. "The early positive reception reinforces the broad appeal of our healthy, value-focused model and demonstrates our ability to deliver on our growth strategy."

For more on Sprouts' expansion efforts check out our previous article on it here.

Other highlights from Sprouts Q2 Financial Report were:

• Net income rose to $30.2 million with a diluted earnings per share of $0.20
• A 68% increase in adjusted net income to $30.2 million. During the same period in 2013 this figure was $18.0 million
• A 43% increase in adjusted diluted earnings per share to $0.20. During the same period in 2013 this figure was $0.14.
• A 31% increase in adjusted EBITDA to $69.1 million.
• A increase in Sprout's 2014 Guidance 

With numbers like that, I'll certainly need to look into picking up some Sprouts stock after my next payday. 

Other investors seem to agree with this sentiment, driving up the price of Sprouts stock 3.36% during Friday morning trading to $31.58 per share (as of 10:12am PST on Friday August 8th).

Congratulations on an impressive quarter Sprouts! 

Sprouts Farmers Market