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Sprouts Farmers Market Beats Street Estimates on Q4

02/27/2019

Sprouts Farmers Market, commonly regarded as a Whole Foods Market clone reported net income of $12.7 million for the fourth quarter ending December 30th on sales of $1.27 billion. EPS attained $0.19.

For the year, Sprouts reported a net profit of $158.5 million on revenue of $5.21 billion. The eleven percent increase in net sales during Q4 in 2018 was due to a 2.3 increase in same-store sales and strong performance in the 28 new stores opened. The company now has 330 locations in 19 states and plans on opening 30 stores in 2019.

In commenting on results Brad Lukow, interim co-CEO and CFO stated, "Through our solid operating cash flows, we continue to self-fund our store unit growth and strategic initiatives, in keeping with our capital structure strategy."