Sprouts Farmers Market, Inc. Reports Third Quarter 2020 Results
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Sprouts Farmers Market (SFM) Tops Q3 EPS by 16c, Slight Miss on Revenues; Offers 4Q & FY20 EPS Outlook
October 28, 2020 4:22 PM EDTSprouts Farmers Market (NASDAQ: SFM) reported Q3 EPS of $0.52, $0.16 better than the analyst estimate of $0.36. Revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.62 billion.
Third Quarter Highlights:
Net sales of $1.6 billion; a 9.5% increase from the same period in 2019Comparable store sales growth of 4.2% and two-year comparable store sales growth of 5.7%Net income of $60 million and adjusted net income(1) of $62 million; compared to net income and adjusted net income of $26 million from the same period in 2019Diluted earnings per... More