Sprouts Q4 2020 Earnings Report
Key Takeaways
Sprouts Farmers Market, Inc. reported strong Q4 2020 results, with a 17% increase in net sales to $1.6 billion and a 3.7% increase in comparable store sales growth. Net income increased to $68 million, and adjusted diluted earnings per share rose to $0.59.
Net sales increased by 17% to $1.6 billion.
Comparable store sales grew by 3.7%.
Net income was $68 million, with adjusted net income at $70 million, a 119% increase.
Diluted earnings per share reached $0.58, and adjusted diluted earnings per share was $0.59.
Sprouts
Sprouts
Forward Guidance
The impact that the COVID-19 pandemic will have on the U.S. economy and the Company’s fiscal 2021 results remain uncertain. Given the evolving nature of the COVID-19 pandemic on food at home demand and consumer spending, the Company is planning for fiscal 2021 based on a range of potential outcomes.