Sprouts Farmers Market (SFM) Tops Q2 EPS by 16c, Offers Guidance

Sprouts Farmers Market (NASDAQ: SFM) reported Q2 EPS of $0.94, $0.16 better than the analyst estimate of $0.78. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.84 billion.

GUIDANCE:

Sprouts Farmers Market sees Q3 2024 EPS of $0.71-$0.75, versus the consensus of $0.69.

• Comparable store sales growth: 3.5% to 4.5%

Sprouts Farmers Market sees FY2024 EPS of $3.29-$3.37, versus the consensus of $3.13.

• Net sales growth: 9% to 10%
• Comparable store sales growth: 4% to 5%
• Adjusted EBIT: $445 million to $455 million
• Adjusted diluted earnings per share: $3.29 to $3.37
• Unit growth: Approximately 35 new stores
• Capital expenditures (net of landlord reimbursements): $225 million to $245 million

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

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