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Sprouts Farmers Market (SFM) Misses Q3 EPS by 1c, Maintains FY EPS Outlook

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November 3, 2016 9:01 AM EDT

Sprouts Farmers Market (NASDAQ: SFM) reported Q3 EPS of $0.16, $0.01 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $1.04 billion versus the consensus estimate of $1.01 billion.

  • Comparable store sales growth of 1.3%

2016 Outlook

On September 7, 2016, we updated our third quarter and full-year 2016 guidance primarily due to the significant ongoing deflation and the stepped-up promotional environment. Given our third quarter performance, we have raised the bottom of full-year comparable store sales growth range and maintained our EPS guidance. This change and additional guidance for 2016 are provided below:

Full-Year 2016 Guidance
52-week to 52-week 53-week to 52-week
Net sales growth14.5% to 15%12% to 12.5%
Unit growth36 new stores36 new stores
Comparable store sales growth (1) 2.0% to 2.5%2.0% to 2.5%
Diluted earnings per share (2)$0.83 to $0.86$0.83 to $0.86
EBITDA growth (3)0% to 2%-3% to -1%
Capital expenditures$160M to $165M$160M to $165M
(net of landlord reimbursements)

(1) Comparable store sales growth is on an equal 52-week to 52-week basis.(2) Based on a weighted average share count of approximately 150 million shares for 2016.(3) Compared to adjusted measures in 2015.

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


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