Sprouts Farmers Market (NASDAQ: SFM) reported Q4 EPS of $0.19, $0.01 better than the analyst estimate of $0.18. Revenue for the quarter came in at $1.27 billion versus the consensus estimate of $1.26 billion.

Net sales of $1.3 billion; an 11% increase from the same period in 2017
Comparable store sales growth of 2.3% and two-year comparable store sales growth of 6.9%
Net income of $13 million, compared to $40 million from the same period in 2017
Adjusted net income(1) of $24 million; compared to $21 million from the same period in 2017
Diluted earnings per share of $0.10; compared to $0.29 from the same period in 2017
Adjusted diluted earnings per share(1) of $0.19; compared to $0.16 from the same period in 2017

“Sprouts delivered 12% net sales growth for the year in a competitive and evolving industry, demonstrating the strength of our differentiated model and brand,” said Brad Lukow, interim co-chief executive officer and chief financial officer of Sprouts Farmers Market. “Through our solid operating cash flows, we continue to self-fund our store unit growth and strategic initiatives and, in keeping with our capital structure strategy, returned more than $250 million to our shareholders through share repurchases in 2018.”

“Our focus on health, value, selection and service continues to produce solid financial returns, supporting our ongoing expansion that allows Sprouts to reach new customers and markets, positioning us well for long-term growth,” said Jim Nielsen, interim co-chief executive officer, president and chief operating officer of Sprouts Farmers Market. “We remain focused on building upon our strategic initiatives in people, systems and product innovation to drive continued enhancements to our experience, reinforcing Sprouts as a trusted brand for health and value.”

GUIDANCE:

Sprouts Farmers Market sees FY2019 EPS of $1.16-$1.24, versus the consensus of $1.32.

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