Sprouts Farmers Market (SFM) Tops Q2 EPS by 14c

Sprouts Farmers Market (NASDAQ: SFM) reported Q2 EPS of $0.59, $0.14 better than the analyst estimate of $0.45. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.6 billion.

"I am pleased with our strong profit results in the second quarter, continuing to build on the positive step change in financial performance we made in 2020,” said Jack Sinclair, chief executive officer of Sprouts Farmers Market. "As I look forward to the balance of the year, I am excited about growing our differentiated brand proposition. We continue to lead with our strategic priorities of investing in innovation and our new store format, accelerating our marketing initiatives to deepen our relationship with our target customer, and leveraging an advantaged fresh supply chain, setting the foundation for Sprouts' long-term growth.”

GUIDANCE:

Sees net sales growth down low single digits.

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

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