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- Sprouts Farmers Market, Inc. SFM reported fourth-quarter gross sales progress of 6% year-on-year to $1.58 billion, beating the consensus of $1.56 billion. Comparable retailer gross sales elevated 2.9%.
- Gross revenue for the quarter elevated 7% to $572.8 million, and gross revenue margin expanded 60 foundation factors to 36.3%.
- Working margin was 3.9%, and working earnings for the quarter rose 20.4% to $61.8 million.
- The corporate held $293.2 million in money and equivalents as of Jan. 1, 2023. Money circulation from working actions for the yr amounted to $371.3 million.
- EBITDA of $92.8 million elevated 12.6% Y/Y. EPS of $0.42 beat the analyst consensus of $0.37.
- “Whereas we acknowledge the near-term financial surroundings is tough to foretell, the steadiness of our current gross sales is encouraging,” mentioned CFO Chip Molloy.
- Outlook: Sprouts Farmers sees FY23 adjusted EPS of $2.41 – $2.53, above the consensus of $2.39; Internet gross sales progress of 4% – 6%.
- The corporate expects Q1 adjusted EPS of $0.83 – $0.87, above the Road view of $0.81. It sees comparable retailer gross sales progress of 1.5% – 2.5%.
- Value Motion: SFM shares traded greater by 12.27% at $34.58 on the final test Thursday.
- Picture By way of Firm
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