Sprouts Farmers Market (SFM) Tops Q1 EPS by 1c; Updates FY16 Outlook
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Sprouts Farmers Market (NASDAQ: SFM) reported Q1 EPS of $0.30, $0.01 better than the analyst estimate of $0.29. Revenue for the quarter came in at $993.2 million versus the consensus estimate of $1.01 billion.
Comparable store sales growth of 4.8% and two-year comparable store sales growth of 9.5%.
Guidance:
We have adjusted our 2016 net sales growth, primarily due to a lower inflationary environment and timing of new store openings, and confirm our other targets including comparable store sales growth and diluted earnings per share. The following provides information on our guidance for 2016:
| Q2 2016 | ||
| Guidance | ||
| Comparable store sales growth | 4.0% to 5.0% | |
| Full-Year 2016 Guidance | ||
| 52-week to 52-week | 53-week to 52-week | |
| Net sales growth | 17% to 19% | 15% to 17% |
| Unit growth | 36 new stores | 36 new stores |
| Comparable store sales growth (1) | 4% to 6% | 4% to 6% |
| EBITDA growth (2) | 12% to 14% | 9% to 11% |
| Diluted earnings per share (2), (3) | $0.96 to $0.98 | $0.96 to $0.98 |
| Capital expenditures | $145M to $155M | $145M to $155M |
| (net of landlord reimbursements) | ||
For earnings history and earnings-related data on Sprouts Farmers Market (SFM) click here.
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