Sprouts Farmers (SFM) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Sprouts Farmers (SFM) reported revenue of $1.89 billion for the quarter ended June 2024, reflecting an 11.9% increase year-over-year and a surprise of +3.61% over the Zacks Consensus Estimate of $1.83 billion [1] - The company's EPS for the quarter was $0.94, up from $0.71 in the same quarter last year, resulting in an EPS surprise of +22.08% compared to the consensus estimate of $0.77 [1] Financial Performance Metrics - Comparable store sales growth was 6.7%, exceeding the average estimate of 3.5% based on four analysts [3] - The number of stores at the end of the period was 419, slightly below the average estimate of 420 based on three analysts [3] - Five new stores were opened during the quarter, compared to the average estimate of six based on two analysts [3] - The number of stores at the beginning of the period was 414, matching the average estimate of 414 from two analysts [3] Stock Performance - Shares of Sprouts Farmers have returned +3.6% over the past month, outperforming the Zacks S&P 500 composite, which saw a -0.2% change [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [4]