earnings
confidence high
sentiment positive
materiality 0.70
Sprouts Farmers Market beats Q2 with $0.57 EPS; guides FY22 adjusted EPS $2.18-$2.26
Sprouts Farmers Market, Inc.
2022-Q2 EPS reported
$1.36
revenue$3,236,643,000
- Net sales $1.6B (+5% YoY); comp store sales +2.0%.
- Diluted EPS $0.57 vs $0.52 prior year; Q3 adjusted EPS guidance $0.49-$0.53.
- Repurchased 2.4M shares for $65M in Q2; $289M cash, $250M drawn on $700M revolver.
- Opened 2 stores, closed 3; total 378 stores in 23 states.
- FY22 outlook: net sales growth 4-5%, comp sales 1-2%, 15-17 new stores, capex $130-150M.