Sprouts Farmers Market (SFM) Tops Q1 EPS by 1c; Lowers Growth Outlook, Offers FY18 EPS Mid-Point Outlook Below Consensus

Sprouts Farmers Market (NASDAQ: SFM) reported Q1 EPS of $0.50, $0.01 better than the analyst estimate of $0.49. Revenue for the quarter came in at $1.29 billion versus the consensus estimate of $1.29 billion.

First Quarter Highlights:

• Net sales of $1.3 billion; a 14% increase from the same period in 2017
• Comparable store sales growth of 2.7% and two-year comparable store sales growth of 3.8%
• Net income of $67 million; a 44% increase from the same period in 2017
• Diluted earnings per share of $0.50; a 52% increase from the same period in 2017

GUIDANCE:

Sprouts Farmers Market sees FY2018 EPS of $1.22-$1.28, versus the consensus of $1.27.

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

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