Sprouts Farmers Market (SFM) Tops Q1 EPS by 12c, provides guidance

Sprouts Farmers Market (NASDAQ: SFM) reported Q1 EPS of $1.12, $0.12 better than the analyst estimate of $1.00. Revenue for the quarter came in at $1.88 billion versus the consensus estimate of $1.85 billion.

GUIDANCE:

Second Quarter and Full-Year 2024 Outlook

The following provides information on our second quarter 2024 outlook:

Comparable store sales growth: 3% to 4%
Sprouts Farmers Market sees Q2 2024 EPS of $0.75-$0.79, versus the consensus of $0.72.

The following provides information on our full-year 2024 outlook:

Net sales growth: 7% to 8%
Comparable store sales growth: 2.5% to 3.5%
Adjusted EBIT: $415 million to $425 million
Sprouts Farmers Market sees Q2 2024 EPS of $3.05-$3.13, versus the consensus of $2.95.
Adjusted diluted earnings per share: $3.05 to $3.13
Unit growth: Approximately 35 new stores
Capital expenditures (net of landlord reimbursements): $225 million to $245 million

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

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