Sprouts Farmers Market (SFM) Tops Q3 EPS by 16c, Slight Miss on Revenues; Offers 4Q & FY20 EPS Outlook
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Sprouts Farmers Market, Inc. Reports Third Quarter 2020 Results
October 28, 2020 4:02 PM EDTPHOENIX, Oct. 28, 2020 (GLOBE NEWSWIRE) -- Sprouts Farmers Market, Inc. (Nasdaq: SFM) today reported results for the 13-week third quarter ended September 27, 2020.
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 share of $0.51 and adjusted diluted... More