Recap: Sprouts Farmers Market Q2 Earnings

Shares of Sprouts Farmers Market SFM rose 3.13% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were up 96.67% year over year to $0.59, which beat the estimate of $0.34.

Revenue of $1,643,000,000 higher by 16.03% year over year, which beat the estimate of $1,590,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Sprouts Farmers Market hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Jul 29, 2020

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/fdypbux7

Technicals

52-week high: $28.00

Company's 52-week low was at $13.00

Price action over last quarter: Up 13.02%

Company Description

Sprouts is an American specialty grocer, offering a health-oriented assortment that focuses on fresh and naturally derived products. The firm's offerings are especially focused on produce, which constituted around 23% of sales in fiscal 2019. Founded in 2002, the chain is most heavily concentrated in California, which accounted for over one third of its 340 stores as of the end of fiscal 2019. All of the company's operations are in the United States, with its stores largely located in the southern half of the country. The firm sells slightly more than 20,000 products (of which more than 90% are natural or organic), with private-label products accounting for about 14% of sales in fiscal 2019. Perishable items accounted for 58% of fiscal 2019 sales.