NASDAQ$SFM
Sprouts Farmers Market Inc. · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Reported a strong first quarter with significant sales growth and increased profitability.
Sprouts Farmers Market, Inc. reported a 16% increase in net sales to $1.6 billion for the first quarter of 2020. Comparable store sales grew by 10.6%. Net income increased to $92 million, with diluted earnings per share of $0.78.
- Net sales increased by 16% to $1.6 billion.
- Comparable store sales grew by 10.6%.
- Net income reached $92 million, compared to $56 million in the same period of 2019.
- Diluted earnings per share were $0.78, up from $0.46 in 2019.
Headline financials
Revenue & EPS history
Sprouts · Revenue · Quarterly
$1.65B
Forward guidance
Due to the COVID-19 crisis, the company is not reaffirming or stating a new outlook range, but expects to meet or exceed the previous annual outlook. The timing of investments to enhance team members pay and benefits, and to implement additional safety and cleansing measures will weigh heavier in the second quarter compared to the first quarter.
Tailwinds
- Elevated levels of grocery spend have continued as many consumers have increased their food at home spend.
- Social distancing has changed consumer behavior from customers consolidating trips and increasing use of ecommerce services.
- Strategic initiatives around smarter promotions remain a benefit to operating margin.
- Continue to meet or exceed previous annual outlook.
- New store cash on cash returns of approximately 40%.
Headwinds
- Lack of visibility for the remainder of 2020 with many unknowns.
- Significant investments in pay, benefits and safety measures
- Uncertainty as to when consumer behavior will return to normal or what may emerge as the ‘new normal’.
- Timing of investments to enhance team members pay and benefits, and to implement additional safety and cleansing measures will weigh heavier in the second quarter compared to the first quarter.
- Low single-digit comps.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
+0.9%
Avg return
Earnings day
+1.9%
Avg return
5 days after
+4.8%
Avg return
30 days after
56%
30 / 54 earnings
Positive
+20.9%
Q3 2015
Best reaction
-25.9%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +15.1% | +10.7% | +16.1% | |
| Q4 2025 | -0.4% | +8.7% | +20.6% | |
| Q3 2025 | -25.9% | -20.0% | -19.8% | |
| Q1 2025 | +0.4% | -0.9% | +1.1% | |
| Q4 2024 | -15.6% | -11.0% | -16.1% | |
| Q3 2024 | +7.3% | +10.1% | +29.1% | |
| Q2 2024 | +10.6% | +12.7% | +17.6% | |
| Q1 2024 | +9.0% | +13.6% | +19.6% | |
| Q4 2023 | +13.3% | +15.8% | +20.8% | |
| Q3 2023 | -6.4% | -3.9% | -0.6% | |
| Q2 2023 | -4.8% | -3.2% | +3.9% | |
| Q1 2023 | +9.2% | +5.1% | -0.3% | |
| Q4 2022 | +10.7% | +7.6% | +13.7% | |
| Q3 2022 | +11.6% | +14.8% | +20.2% | |
| Q2 2022 | +14.2% | +11.4% | +6.4% | |
| Q1 2022 | -22.8% | -19.0% | -11.0% | |
| Q4 2021 | +1.8% | -1.0% | +14.5% | |
| Q3 2021 | +3.3% | +4.1% | +13.1% | |
| Q2 2021 | +0.6% | +4.3% | +3.8% | |
| Q1 2021 | -0.2% | +4.2% | +6.6% | |
| Q3 2020 | -4.5% | -8.9% | +0.9% | |
| Q2 2020 | -1.9% | -6.6% | -11.3% | |
| Q1 2020 | +9.8% | +15.7% | +14.6% | |
| Q4 2019 | +13.4% | +5.6% | +11.0% | |
| Q3 2019 | +2.2% | +6.0% | +4.3% | |
| Q2 2019 | +4.8% | +5.0% | +6.0% | |
| Q1 2019 | +3.9% | +4.7% | -5.8% | |
| Q4 2018 | -2.7% | -3.4% | -6.3% | |
| Q3 2018 | -1.5% | -2.5% | -14.4% | |
| Q2 2018 | +10.1% | +10.7% | +24.9% | |
| Q1 2018 | -11.2% | -11.1% | -11.4% | |
| Q4 2017 | -3.9% | -1.1% | -11.3% | |
| Q3 2017 | +7.9% | +7.3% | +25.4% | |
| Q2 2017 | -0.7% | +1.5% | -17.1% | |
| Q1 2017 | +3.6% | +2.5% | +7.6% | |
| Q4 2016 | +1.9% | -2.8% | +18.8% | |
| Q3 2016 | -9.3% | -9.4% | -9.4% | |
| Q2 2016 | -1.1% | -3.5% | -2.3% | |
| Q1 2016 | -4.3% | — | — | |
| Q4 2015 | +10.7% | — | — | |
| Q3 2015 | +20.9% | — | — | |
| Q2 2015 | -13.6% | — | — | |
| Q1 2015 | -12.3% | — | — | |
| Q4 2014 | -1.7% | — | — | |
| Q3 2014 | +3.3% | — | — | |
| Q2 2014 | -0.3% | — | — | |
| Q1 2014 | -15.5% | — | — | |
| Q1 2012 | +5.8% | — | — | |
| Q4 2013 | +5.8% | — | — | |
| Q3 2013 | -4.9% | — | — | |
| Q3 2012 | -4.9% | — | — | |
| Q4 2012 | +1.0% | — | — | |
| Q2 2012 | +1.0% | — | — | |
| Q2 2013 | +4.9% | — | — | |
| Q1 2013 | — | — | — |
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