Sprouts Farmers Market (SFM) Tops Q4 EPS by 1c, Comps Increase 4.6%, Offers Guidance
Sprouts Farmers Market (NASDAQ: SFM) reported Q4 EPS of $0.16, $0.01 better than the analyst estimate of $0.15. Revenue for the quarter came in at $1.14 billion versus the consensus estimate of $1.14 billion.
Comparable store sales growth of 4.6% and two-year comparable store sales growth of 5.3%
The company also announced that its Board of Directors has authorized the company to repurchase, on a discretionary basis, up to an additional $350 million of its outstanding common stock through December 2019.
GUIDANCE:
Sprouts Farmers Market sees Q1 2018 EPS of $1.22-$1.28, versus the consensus of $1.23.
The following provides information on our guidance for 2018:
| Full-Year 2018Current Guidance | |
| Net sales growth | 11.5% to 12.5% |
| Unit growth | Approximately 30 stores |
| Comparable store sales growth | 2.5% to 3.5% |
| Diluted earnings per share | $1.22 to $1.28 |
| Effective tax rate | 19% to 20% (2) |
| Capital expenditures | $165M to $170M |
For earnings history and earnings-related data on Sprouts Farmers Market (SFM) click here.