Sprouts Farmers Market (SFM) Tops Q1 EPS by 25c, Revenues Beat; 'Able to Meet or Exceed Previous Annual Outlook'
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Sprouts Farmers Market, Inc. Reports First Quarter 2020 Results and Second Quarter Update
May 5, 2020 4:02 PM EDTPHOENIX, May 05, 2020 (GLOBE NEWSWIRE) -- Sprouts Farmers Market, Inc. (Nasdaq: SFM) today reported results for the 13-week first quarter ended March 29, 2020, an update on second quarter results and outlined its strategy for profitable long-term growth.
First Quarter Highlights:
Net sales of $1.6 billion; a 16% increase from the same period in 2019Comparable store sales growth of 10.6% and two-year comparable store sales growth of 12.0%Net income of $92 million; compared to net income of $56 million from the same period in 2019Adjusted net income(1) of $93 million;... More