Sprouts Farmers Market (SFM) Tops Q3 EPS by 1c, Revenues In-Line; Boosts FY18 EPS Outlook

Sprouts Farmers Market (NASDAQ: SFM) reported Q3 EPS of $0.27, $0.01 better than the analyst estimate of $0.26. Revenue for the quarter came in at $1.33 billion versus the consensus estimate of $1.33 billion.

“Robust new store productivity, continued product innovation and strong operations drove a double digit increase in net sales in the third quarter,” said Amin Maredia, chief executive officer of Sprouts Farmers Market. “During this time, we introduced Sprouts’ unique model of health, value and service to two new states where very strong sales demonstrated that our brand continues to resonate well in communities from coast to coast and is firmly positioned for long-term growth.”

GUIDANCE:

Sprouts Farmers Market sees FY2018 EPS of $1.28-$1.30, versus the consensus of $1.26.

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

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