SFM's Q3 sales of $2.2 billion missed expectations of $2.225 billion. Adjusted EPS guidance for Q4 is lower than market estimates. SFM shares dropped 26% following earnings release and guidance. Analysts revised price targets down after earnings announcement. SFM's CEO remains optimistic about long-term growth potential.
SFM reported Q2 earnings of $1.35, surpassing estimates of $1.23. Quarterly sales of $2.22 billion exceeded estimates of $2.17 billion. FY2025 EPS guidance revised up to $5.20-$5.32 from $4.94-$5.10. SFM shares fell 3.7% to $152.26 after earnings announcement. Analysts adjusted price targets following the earnings release.
Sprouts Farmers Market shares surged 13% after strong quarterly results. Q2 2024 diluted EPS rose to 94 cents, beating expectations. Same-store sales growth was 6.7%, higher than previous quarter's 4%. 2024 net sales growth forecast increased to 9%-10% from 7%-8%. Company opened five new stores, totaling 419 locations.
SFM expected to report $0.77 EPS, a year-over-year increase of 8.5%. Revenue forecasted at $1.83 billion, reflecting an 8% increase year-over-year. Consensus EPS estimate has remained stable over the last 30 days. Comparable store sales growth estimated at 3.5%, up from 3.2% last year. Analysts expect 420 stores by quarter-end, up from 391 previously.