Phoenix, Arizona-based Sprouts Farmers Market (SFM) reported its 4Q17 results February 22, 2018. The results relate to the three-month period that ended on December 31, 2017.
The company reported revenue and earnings that were largely in line, marginally exceeding expectations. Its total sales increased 16.1% YoY (year-over-year) to $1.1 billion, $1 million more than the consensus estimate. Its EPS (earnings per share) rose 23% YoY to $0.16, beating the consensus estimate by a cent.
“This is an exciting time for Sprouts, as we continue to capitalize on our differentiations of health and value while expanding on our opportunities in product innovation, in-store and digital customer experiences, team member development and technology initiatives to drive operational efficiencies,” said Amin Maredia, the CEO of Sprouts Farmers Market.
Read Parts Two, Three, and Four of this seven-part series to learn more about the company’s financial performance in 4Q17 and 2017.
SFM expects its current strength to continue in fiscal 2018 and has projected a 21%–27% rise in its EPS. Read Part Five to learn about management’s guidance for 2018.
About Sprouts Farmers Market
Established in 2002, Sprouts Farmers Market operates as a value-oriented healthy food retailer offering a range of natural and organic foods. The company operated 285 stores in 15 US states as of December 31, 2017.
Investors looking to invest in SFM through ETFs can choose to invest in the PowerShares Dynamic Food & Beverage ETF (PBJ). SFM has a weight of ~3.2% in PBJ.