NASDAQ$SFM

Sprouts Farmers Market Inc. · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Reported a solid quarter with increases in traffic and comparable store sales.

Sprouts Farmers Market reported a 7.6% increase in net sales, reaching $1.7 billion, and a 3.9% growth in comparable store sales. Diluted earnings per share were $0.64, with adjusted diluted earnings per share at $0.65. The company opened 10 new stores, bringing the total to 401 stores across 23 states.

  • Net sales totaled $1.7 billion, a 7.6% increase from the same period in 2022.
  • Comparable store sales growth was 3.9%.
  • Diluted earnings per share reached $0.64, with adjusted diluted earnings per share at $0.65.
  • Opened 10 new stores, resulting in 401 stores in 23 states as of October 1, 2023.

Headline financials

Total Revenue

$1.71B

Previous: $1.59B+7.7%
EPS (adj)

$0.65

Previous: $0.61+6.6%
Comparable Sales Growth

3.9%

Previous: -5.4%+172.2%
Capital Expenditures

-$165M

Previous: -$80.7M-104.4%
Free Cash Flow

-$99.7M

Previous: -$15M-564.3%
Net Income

$65.3M

Previous: $65.7M-0.6%
Operating Income

$87.7M

Previous: $90.3M-3.0%
Gross Profit

$625M

Previous: $584M+7.2%
Cash & Equivalents

$252M

Previous: $316M-20.3%
Total Assets

$3.29B

Previous: $3.02B+9.0%
R&D Expense

$0.00

No prior period
Stock-Based Comp

$5.27M

Previous: $3.45M+52.6%

Revenue & EPS history

Sprouts · Revenue · Quarterly

$1.71B

Q3 2023+7.7%vs Q3 2022
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

Sprouts Farmers Market anticipates a comparable store sales growth of approximately 3% and adjusted diluted earnings per share between $0.42 and $0.46 for the fourth quarter of 2023.

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 Q3 2023

Historical avgQ3 2023

+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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