Sprouts Farmers Market Q2 sales edges past estimates on new store openings
SFM•Analyst coverage
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"
- The average consensus recommendation for the food retail & distribution peer group is "buy"
- Wall Street's median 12-month price target for Sprouts Farmers Market Inc is $87.00, about 11.9% above its July 28 closing price of $77.77
- The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago
Outlook and valuation
- Sprouts sees Q3 comparable store sales between (0.5)% and 1.5%
- Company expects Q3 diluted EPS of $1.20 to $1.24
- Sprouts forecasts full-year net sales growth of 5.5% to 6.5%
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Sales | Slight Beat* | $2.33 bln | $2.32 bln (13 Analysts) |
| Q2 EPS | $1.37 | ||
| Q2 Net Income | $129.20 mln | ||
| Q2 Gross Profit | $900.65 mln | ||
| Q2 Operating Income | $174.17 mln | ||
| Q2 Pretax Profit | $174.11 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
