Sprouts Q3 2020 Earnings Report
Key Takeaways
Sprouts Farmers Market, Inc. reported a 9.5% increase in net sales to $1.6 billion for the third quarter of 2020. Comparable store sales grew by 4.2%. Net income increased to $60 million, with diluted earnings per share of $0.51.
Net sales increased by 9.5% to $1.6 billion compared to the same period in 2019.
Comparable store sales grew by 4.2%.
Net income was $60 million, compared to $26 million in the same period in 2019.
Diluted earnings per share were $0.51, compared to $0.22 in 2019.
Sprouts
Sprouts
Forward Guidance
For the fourth quarter, Sprouts expects comparable store sales to be in the low single digits and adjusted diluted EPS to be between $0.36 to $0.40. For the full year, adjusted diluted EPS is expected to be in the range of $2.26 to $2.30. Earnings before interest and taxes in 2021 will be in the range of $285 to $305 million.