NASDAQ$SFM

Sprouts Farmers Market Inc. · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported a strong second quarter performance driven by strategic changes and the continued positive impact on demand from the COVID-19 pandemic.

Sprouts Farmers Market, Inc. reported a 16% increase in net sales to $1.6 billion for the second quarter of 2020. Comparable store sales grew by 9.1%, and net income increased to $67 million, or $0.57 per diluted share.

  • Net sales increased by 16% to $1.6 billion compared to the same period in 2019.
  • Comparable store sales growth was 9.1%.
  • Net income was $67 million, compared to $35 million in the same period in 2019.
  • Diluted earnings per share were $0.57, compared to $0.30 in 2019.

Headline financials

Total Revenue

$1.64B

Previous: $1.42B+16.0%
EPS (adj)

$0.59

Previous: $0.30+96.7%
Comparable Sales Growth

9.1%

No prior period
Capital Expenditures

-$64.6M

Previous: -$93.4M+30.9%
Free Cash Flow

$2.43M

Previous: -$58.1M+104.2%
Net Income

$67M

Previous: $35.3M+89.6%
Operating Income

$92.8M

Previous: $51.3M+80.7%
Gross Profit

$613M

Previous: $465M+31.8%
Cash & Equivalents

$328M

Previous: $58.6M+459.6%
Total Assets

$2.96B

Previous: $2.69B+10.1%
Stock-Based Comp

$4.33M

Previous: $1.74M+148.5%

Revenue & EPS history

Sprouts · Revenue · Quarterly

$1.64B

Q2 2020+16%vs Q2 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

As customers continue to consume much of their food at home due to the COVID-19 pandemic, grocery spend and ecommerce penetration have remained at elevated levels. For the month of July, our comparable store sales are estimated to increase approximately 9% compared to the same period last year, and ecommerce sales are estimated to represent approximately 11% of our net sales.

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 Q2 2020

Historical avgQ2 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

Earnings price reactions
QuarterReport dateReaction (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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