Sprouts Farmers Market (SFM) Tops Q2 EPS by 4c, Beats on Revenues; Increased FY17 EPS, Sales and Comps Guidance

Sprouts Farmers Market (NASDAQ: SFM) reported Q2 EPS of $0.29, $0.04 better than the analyst estimate of $0.25. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.17 billion.

• Net sales of $1.2 billion; a 15% increase from the same period in 2016
• Comparable store sales growth of 1.4% and two-year comparable store sales growth of 5.5%
• Net income of $41 million; a 10% increase from the same period in 2016
• Diluted earnings per share of $0.29; a 16% increase from the same period in 2016
• Increased full-year sales, comps and EPS guidance for 2017

GUIDANCE:

Sprouts Farmers Market sees FY2017 EPS of $0.88-$0.92, versus the consensus of $0.91.

For earnings history and earnings-related data on Sprouts Farmers Market (SFM) click here.

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