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Sprouts Farmers (SFM) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
SFM's store expansion, solid comparable sales growth and consistent profitability highlight its ability to outperform industry trends.
Sprouts Farmers Market has surged nearly 15% post-Q3 results, driven by strong gross margins, top-line revenue growth, and an aggressive U.S. expansion plan. Despite its impressive year-long gains, Sprouts' unique product curation and high single-digit same-store sales growth justify a continued buy rating. The company's plan to achieve 10%+ unit growth annually, focusing on the West Coast, Texas, and the Northeast, supports its long-term bullish outlook.
The natural foods grocery chain posted strong growth in its third-quarter report.
Sprouts Farmers registers strong comparable sales growth, positive traffic trends and robust e-commerce performance.
Sprouts Farmers Market, Inc. (NASDAQ:SFM ) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Susannah Livingston - VP of IR and Treasurer Jack Sinclair - CEO Curtis Valentine - CFO Conference Call Participants Mark Carden - UBS Rupesh Parikh - Oppenheimer Krisztina Katai - Deutsche Bank Jacob Aiken-Phillips - Melius Research Ken Goldman - JPMorgan Robert Ohmes - Bank of America Scott Mushkin - R5 Capital Edward Kelly - Wells Fargo John Heinbockel - Guggenheim Securities Michael Montani - Evercore ISI Kelly Bania - BMO Capital Markets Robert Dickerson - Jefferies Leah Jordan - Goldman Sachs Operator Good day and thank you for standing by, welcome to the Sprouts Farmers Market Third Quarter 2024 Earnings Conference Call. At this time all participants are in a listen-only mode.
While the top- and bottom-line numbers for Sprouts Farmers (SFM) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Sprouts Farmers (SFM) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.65 per share a year ago.
Does Sprouts Farmers (SFM) have what it takes to be a top stock pick for momentum investors? Let's find out.
Sprouts Farmers' third-quarter comparable store sales results are likely to reflect product innovation and better customer engagement.