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Sprouts Farmers (SFM)
NASDAQ:SFM
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.72Last Year’s EPS
0.49Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: 18.25%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Positive
The earnings call presented a strong financial performance with significant sales and earnings growth, supported by effective marketing strategies and customer engagement. Despite challenges such as increased SG&A expenses and delays caused by Hurricane Milton, the overall outlook remains positive with continued investment in growth and customer initiatives.Company Guidance
During the Sprouts Farmers Market Q3 2024 earnings call, the company provided optimistic guidance for the remainder of the year and beyond. Total sales in the third quarter reached $1.9 billion, marking a 14% increase from the same period in 2023, with comparable store sales rising by 8.4%. E-commerce sales surged by 36%, now making up 14.5% of total sales. The company's gross margin improved to 38.1%, driven by better inventory management and reduced shrink. For the full year, Sprouts anticipates total sales growth of approximately 12% and comparable sales growth of about 7%. The company plans to open 33 new stores this year and expects adjusted earnings per share to be between $3.64 and $3.68. Despite the impact of Hurricane Milton delaying two store openings to early 2025, Sprouts remains focused on maintaining momentum, leveraging strategic investments, and expanding its customer base through enhanced marketing and product differentiation efforts.Strong Sales Growth
Sales increased by 14% compared to Q3 2023, with comparable store sales up by 8.4%. E-commerce sales rose by 36%, representing 14.5% of total sales.
Significant EPS Growth
Diluted earnings per share grew by 40% from the previous year.
Robust Financial Position
Generated $520 million in operating cash flow, repurchased nearly 1.9 million shares, and ended the quarter with $310 million in cash and no outstanding borrowings.
New Store Openings
Opened 9 new stores in Q3, ending with 428 stores across 23 states, with nearly 110 approved new stores and more than 70 executed leases in the pipeline.
Customer Engagement and Marketing Success
Improved customer retention and increased shopping frequency. Successful marketing strategies, including social media engagement, contributed to strong comp traffic momentum.
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SFM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SFM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $118.84 | $128.43 | +8.07% |
| Jul 29, 2024 | $84.66 | $95.88 | +13.25% |
| May 01, 2024 | $64.29 | $72.00 | +11.99% |
| Feb 22, 2024 | $53.76 | $59.63 | +10.92% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sprouts Farmers (SFM) report earnings?
Sprouts Farmers (SFM) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Sprouts Farmers (SFM) earnings time?
Sprouts Farmers (SFM) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SFM EPS forecast?
SFM EPS forecast for the fiscal quarter 2024 (Q4) is 0.72.
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