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Oct 01, 2023
Sprouts Q3 2023 Earnings Report
Reported a solid quarter with increases in traffic and comparable store sales.
Key Takeaways
Sprouts Farmers Market reported a 7.6% increase in net sales, reaching $1.7 billion, and a 3.9% growth in comparable store sales. Diluted earnings per share were $0.64, with adjusted diluted earnings per share at $0.65. The company opened 10 new stores, bringing the total to 401 stores across 23 states.
Net sales totaled $1.7 billion, a 7.6% increase from the same period in 2022.
Comparable store sales growth was 3.9%.
Diluted earnings per share reached $0.64, with adjusted diluted earnings per share at $0.65.
Opened 10 new stores, resulting in 401 stores in 23 states as of October 1, 2023.
Forward Guidance
Sprouts Farmers Market anticipates a comparable store sales growth of approximately 3% and adjusted diluted earnings per share between $0.42 and $0.46 for the fourth quarter of 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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