Sprouts Farmers Market Sees Q4 EPS $0.42-$0.46 Vs $0.43 Est.; Comparable Sales Growth ~3%; FY23 EPS $2.77-$2.81 Vs $2.74 Est.; Net Sales Growth 6.5%-7%
Portfolio Pulse from Benzinga Newsdesk
Sprouts Farmers Market (SFM) has provided its Q4 and full-year 2023 outlook. The company expects Q4 EPS to be between $0.42 and $0.46, with comparable sales growth of around 3%. For FY23, SFM anticipates EPS of $2.77-$2.81, net sales growth of 6.5%-7%, and the opening of 30 new stores. Capital expenditures are projected to be $190 million to $210 million.
October 31, 2023 | 1:25 pm
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POSITIVE IMPACT
Sprouts Farmers Market's projected Q4 and FY23 earnings exceed estimates, which could positively impact the company's stock in the short term.
Sprouts Farmers Market's projected earnings for Q4 and FY23 are higher than estimates. This positive outlook could increase investor confidence and drive the company's stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100