Sprouts Farmers Market (NASDAQ: SFM) reported Q4 EPS of $0.27, $0.14 better than the analyst estimate of $0.13. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.36 billion.

Fourth Quarter Highlights:

• Net sales of $1.4 billion; an 8% increase from the same period in 2018
• Comparable store sales growth of 1.5% and two-year comparable store sales growth of 3.8%
• Net income of $32 million; compared to net income of $13 million and adjusted net income of $24 million from the same period in 2018
• Diluted earnings per share of $0.27; compared to diluted earnings per share of $0.10 and adjusted diluted earnings per share of $0.19 from the same period in 2018

“During the fourth quarter, I was encouraged by the Sprouts team’s dedication to driving same store sales growth, while we simultaneously delivered positive margins,” said Jack Sinclair, chief executive officer of Sprouts Farmers Market. “We remain engaged in developing a long-term strategy and are optimistic about the future of Sprouts rooted in a brand that is good for you, good for your family and good for the planet.”

GUIDANCE:

Sprouts Farmers Market sees Q1 2020 EPS of $0.45-$0.47, versus the consensus of $0.46.

Sprouts Farmers Market sees FY2020 EPS of $1.17-$1.23, versus the consensus of $1.12.

2020 First Quarter and Full Year Outlook

The following provides information on our outlook for 2020, which does not factor in any strategic changes. In addition, the Company notes the fiscal year 2020 will be a 53-week year, with the extra week falling in the fourth quarter. We estimate the impact from the 53rd week to be approximately $120 million in sales, $9 million in income before income taxes, and $0.06 in diluted earnings per share:

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