Sprouts Farmers Mkt (SFM) Tops Q1 EPS by 4c, Updates Guidance
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Sprouts Farmers Mkt (NASDAQ: SFM) reported Q1 EPS of $0.23, $0.04 better than the analyst estimate of $0.19. Revenue for the quarter came in at $722.6 million versus the consensus estimate of $706.73 million. Comps increased 12.8%
2014 Outlook
The following provides updated information on the Company's guidance for 2014:
| Q2 2014 Guidance | |||
| Same store sales growth | 8% to 9% | ||
| Two-year combined pro forma same store sales growth | 19% to 20% | ||
| Full-year 2014 Current Guidance | Full-year 2014 Prior Guidance | ||
| Net sales growth | 18% to 20% | 16% to 18% | |
| Unit growth | 23 to 24 new stores | 22 to 24 new stores | |
| Same store sales growth | 8.5% to 9.5% | 7% to 8% | |
| Adjusted EBITDA growth | 23% to 25% | 17% to 20% | |
| Adjusted net income growth | 40% plus | 30% plus | |
| Adjusted diluted earnings per share (1) | $0.63 to $0.65 | $0.58 to $0.60 | |
| Capital expenditures | $110M to $120M | $110M to $120M | |
| (net of landlord reimbursements) | |||
For earnings history and earnings-related data on Sprouts Farmers Mkt (SFM) click here.
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