Sprouts Farmers Market (SFM) Tops Q1 EPS by 10c, Offers Outlook
Sprouts Farmers Market (NASDAQ: SFM) reported Q1 EPS of $0.70, $0.10 better than the analyst estimate of $0.60. Revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.63 billion.
GUIDANCE:
Sprouts Farmers Market sees FY2021 EPS of $1.87-$2.00 vs consensus of $1.87.
Full Year 2021 Outlook
The impact that the COVID-19 pandemic will have on the U.S. economy and the company’s fiscal 2021 results is still uncertain. We have adjusted our fiscal 2021 outlook, reflecting our year-to-date performance and our expectations for the remainder of the year:
| Full-year 2021 Guidance | |
| 52-week to 52-week | |
| Net sales growth | Flat to up slightly |
| Unit growth | Approximately 20 new stores |
| Comparable store sales growth | Down low to mid-single digits |
| Adjusted EBIT | $305M to $325M |
| Adjusted diluted earnings per share | $1.87 to $2.00 |
| Effective tax rate | Approximately 25% |
| Capital expenditures | $140M to $160M |
For earnings history and earnings-related data on Sprouts Farmers Market (SFM) click here.