Sprouts Farmers Market, Inc. Reports First Quarter 2020 Results and Second Quarter Update
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Sprouts Farmers Market (SFM) Tops Q1 EPS by 25c, Revenues Beat; 'Able to Meet or Exceed Previous Annual Outlook'
May 5, 2020 4:04 PM EDTSprouts Farmers Market (NASDAQ: SFM) reported Q1 EPS of $0.79, $0.25 better than the analyst estimate of $0.54. Revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.59 billion.
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; compared to $57 million from the same period in 2019Diluted earnings per share of... More