Sprouts Farmers Market (SFM) Tops Q1 EPS by 1c; Updates FY16 Outlook
Tweet
Share
E-mail
Get Alerts SFM Hot Sheet
Join SI Premium – FREE
Sprouts Farmers Market (NASDAQ: SFM) reported Q1 EPS of $0.30, $0.01 better than the analyst estimate of $0.29. Revenue for the quarter came in at $993.2 million versus the consensus estimate of $1.01 billion.
Comparable store sales growth of 4.8% and two-year comparable store sales growth of 9.5%.
Guidance:
We have adjusted our 2016 net sales growth, primarily due to a lower inflationary environment and timing of new store openings, and confirm our other targets including comparable store sales growth and diluted earnings per share. The following provides information on our guidance for 2016:
| Q2 2016 | ||
| Guidance | ||
| Comparable store sales growth | 4.0% to 5.0% | |
| Full-Year 2016 Guidance | ||
| 52-week to 52-week | 53-week to 52-week | |
| Net sales growth | 17% to 19% | 15% to 17% |
| Unit growth | 36 new stores | 36 new stores |
| Comparable store sales growth (1) | 4% to 6% | 4% to 6% |
| EBITDA growth (2) | 12% to 14% | 9% to 11% |
| Diluted earnings per share (2), (3) | $0.96 to $0.98 | $0.96 to $0.98 |
| Capital expenditures | $145M to $155M | $145M to $155M |
| (net of landlord reimbursements) | ||
For earnings history and earnings-related data on Sprouts Farmers Market (SFM) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- NVIDIA stock gains as SemiAnalysis sees H2 data center revenue 20% above consensus
- Magnificent 7 stocks lose $2.3 trillion in June
- Apogee Enterprises (APOG) Tops Q1 EPS by 16c, Beats on Revenue; Offers FY27 Guidance
Create E-mail Alert Related Categories
Earnings, Guidance, Retail SalesRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
