NASDAQ$SFM
Sprouts Farmers Market Inc. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Sprouts reported an exceptional performance driven by robust traffic growth and strong execution.
Sprouts Farmers Market reported strong third-quarter results, with net sales increasing by 14% to $1.9 billion and comparable store sales growth of 8.4%. Diluted earnings per share were $0.91. The company opened 9 new stores, bringing the total to 428 stores in 23 states. Sprouts ended the quarter with $310 million in cash and cash equivalents.
- Net sales totaled $1.9 billion, a 14% increase from the same period in 2023.
- Comparable store sales growth was 8.4%.
- Diluted earnings per share reached $0.91, compared to $0.64 in the same period in 2023.
- Opened 9 new stores, resulting in 428 stores in 23 states.
Headline financials
Revenue & EPS history
Sprouts · Revenue · Quarterly
$1.95B
Forward guidance
Sprouts provided its outlook for the fourth quarter and full year of 2024.
Tailwinds
- Comparable store sales growth: 8.0% to 10.0% (Q4 2024)
- Adjusted diluted earnings per share: $0.67 to $0.71 (Q4 2024)
- Net sales growth: approximately 12.0% (Full-Year 2024)
- Comparable store sales growth: approximately 7.0% (Full-Year 2024)
- Adjusted EBIT: $490 million to $495 million (Full-Year 2024)
Headwinds
- Adjusted diluted earnings per share: $3.64 to $3.68 (Full-Year 2024)
- Unit growth: 33 new stores; the openings of two Florida stores affected by Hurricane Milton are expected to be postponed to the first quarter of 2025
- Capital expenditures (net of landlord reimbursements): $205 million to $215 million (Full-Year 2024)
- There is no guarantee that Sprouts will achieve its projected financial expectations
- Expectations are inherently subject to significant economic, competitive and other uncertainties and contingencies
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 2024
+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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