earnings
confidence high
sentiment positive
materiality 0.75
Sprouts Farmers Market Q3 net sales +5% YoY to $1.6B; raises full-year EPS guidance
Sprouts Farmers Market, Inc.
2022-Q3 EPS reported
$1.97
revenue$4,827,669,000
- Net sales $1.6B (+5% YoY), comp store sales +2.4%, diluted EPS $0.61 (+9% vs $0.56).
- Full-year 2022 guidance raised: net sales growth 4.5%-5.0%, adj. EPS $2.32-$2.36.
- Q4 outlook: comp sales ~2.0%, adj. EPS $0.35-$0.39.
- Ended Q3 with $316M cash, $250M drawn on $700M revolver; repurchased 1.6M shares ($44M).
- Opened 1 new store in Q3; total 379 stores in 23 states.