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Dec 29, 2024
Sprouts Q4 2024 Earnings Report
Sprouts Farmers Market reported strong Q4 2024 results with significant revenue growth and profitability improvements.
Key Takeaways
Sprouts Farmers Market posted a robust fourth quarter with an 18% increase in net sales and strong comparable store sales growth. The company expanded its footprint with 12 new store openings and improved profitability, reflected in higher EPS.
Net sales increased by 18% year-over-year to $1.996 billion.
Comparable store sales grew by 11.5%.
Diluted earnings per share rose to $0.79 from $0.49 in the previous year.
The company opened 12 new stores in Q4.
Forward Guidance
Sprouts Farmers Market expects continued strong performance in 2025 with double-digit net sales growth and increased store openings.
Positive Outlook
- Projected comparable store sales growth of 10% to 11% in Q1 2025.
- Full-year 2025 net sales growth expected between 10.5% to 12.5%.
- Adjusted diluted earnings per share forecasted to reach $4.52 to $4.68.
- Plan to open at least 35 new stores in 2025.
- Capital expenditures estimated at $230 million to $250 million.
Challenges Ahead
- Potential impact from macroeconomic conditions on consumer spending.
- Increased operational costs due to store expansion.
- Inflationary pressures on supply chain expenses.
- Competitive market dynamics affecting pricing strategies.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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