earnings
confidence high
sentiment neutral
materiality 0.75
Sprouts Q1 EPS $0.79 beats prior year; sales +4% to $1.6B; FY guidance at low end
Sprouts Farmers Market, Inc.
2022-Q1 EPS reported
$0.79
revenue$1,641,161,000
- Net sales $1.6B (+4% YoY); comp store sales +1.6%; diluted EPS $0.79 vs $0.70 in Q1 2021.
- Opened 6 new stores, closed 1; total 379 stores in 23 states as of April 3, 2022.
- Cash from ops $153M; $324M cash; new $600M buyback authorized; new $700M credit facility with ESG-linked pricing.
- FY outlook: sales growth, comp growth, EPS now at low end of prior range; Q2 EPS $0.49-$0.53; flat comps.
- Management notes inflation pressure; customers buying fewer items; cautious outlook for rest of year.