Sprouts Farmers Market (SFM) Reports In-Line Q2 EPS, Updates Guidance
Sprouts Farmers Market (NASDAQ: SFM) reported Q2 EPS of $0.32, in-line with the analyst estimate of $0.32. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.32 billion.
- Comparable store sales growth of 2.0% and two-year comparable store sales growth of 3.4%
GUIDANCE:
Sprouts Farmers Market sees FY2018 EPS of $1.24-$1.28 vs $1.25 expected.
As previously communicated, with the savings from the Tax Cuts and Jobs Act (1), we will be investing $10 million, or approximately one third of our tax savings in team member wages and benefits. The following provides information on our guidance for 2018:
| Full-Year 2018Current Guidance | Full-Year 2018Prior Guidance | |
| Net sales growth | 10.5% to 11.5% | 10.5% to 11.5% |
| Unit growth | Approximately 30 stores | Approximately 30 stores |
| Comparable store sales growth | 1.5% to 2.5% | 1.5% to 2.5% |
| Diluted earnings per share | $1.24 to $1.28 | $1.22 to $1.28 |
| Effective tax rate | 19% to 20% (1) | 19% to 20% (1) |
| Capital expenditures | $165M to $170M | $165M to $170M |
| (net of landlord reimbursements) |
For earnings history and earnings-related data on Sprouts Farmers Market (SFM) click here.