Sprouts Q4 EPS $0.42 beats prior year $0.32; FY2023 guidance sees 4-6% sales growth

Sprouts Farmers Market, Inc.

2022-FY EPS reported $2.39 revenue$6,404,223,000

Q4 net sales $1.6B (+6% YoY); comparable store sales +2.9%; diluted EPS $0.42 vs $0.32.
FY2022 net sales $6.4B (+5%); comparable store sales +2.2%; diluted EPS $2.39 vs $2.10.
FY2023 outlook: net sales growth 4-6%, adjusted diluted EPS $2.41-$2.53, 30 new stores, 11 store closures.
Q1 2023 outlook: comparable store sales +1.5-2.5%, adjusted diluted EPS $0.83-$0.87.
Ended 2022 with $293M cash, $250M drawn on $700M revolver; repurchased 6.9M shares for $200M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sprouts Farmers Market, Inc. reported the 13-week fourth quarter ending January 1, 2023 results: revenue $1.6 billion, EPS $0.42.

Period: the 13-week fourth quarter ending January 1, 2023
Revenue: $1.6 billion
EPS: $0.42
Result: reported results

Exact text from the filing

• Net sales totaled $1.6 billion; a 6% increase from the same period in 2021 • Comparable store sales growth of 2.9% • Diluted earnings per share of $0.42; compared to diluted earnings per share of $0.32 in the same period in 2021

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sprouts Farmers Market, Inc. reported the 52-week year ending January 1, 2023 results: revenue $6.4 billion, EPS $2.39.

Period: the 52-week year ending January 1, 2023
Revenue: $6.4 billion
EPS: $2.39
Result: reported results

Exact text from the filing

• Net sales totaled $6.4 billion; a 5% increase from 2021 • Comparable store sales growth of 2.2% • Diluted earnings per share of $2.39; compared to diluted earnings per share of $2.10 in 2021

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sprouts Farmers Market, Inc. reported Full Year 2023 results: revenue 4% to 6%, EPS $2.41 to $2.53. Guidance initiated.

Period: Full Year 2023
Revenue: 4% to 6%
EPS: $2.41 to $2.53
Guidance: initiated
Result: guidance update

Exact text from the filing

The following provides information on our full-year 2023 outlook: • Net sales growth: 4% to 6% • Comparable store sales growth: low single digits • Adjusted EBIT: $355M to $370M • Effective Tax rate: approximately 26% • Adjusted diluted earnings per share: $2.41 to $2.53

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Source: SEC EDGAR

accession 0000950170-23-005722

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