Sprouts Farmers Market (NASDAQ:SFM) reported its Q1 earnings results on Wednesday, May 4, 2022 at 04:02 PM.
Here's what investors need to know about the announcement.
Earnings
Sprouts Farmers Market beat estimated earnings by 9.72%, reporting an EPS of $0.79 versus an estimate of $0.72.
Revenue was up $66.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 5.0% increase in the share price the next day.
Here's a look at Sprouts Farmers Market's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.30 | 0.40 | 0.45 | 0.6 |
| EPS Actual | 0.32 | 0.56 | 0.52 | 0.7 |
| Revenue Estimate | 1.47B | 1.57B | 1.60B | 1.62B |
| Revenue Actual | 1.49B | 1.51B | 1.52B | 1.57B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Sprouts Farmers Market management provided guidance for FY 2022, expecting earnings between $2.14 and $2.14 per share.
To track all earnings releases for Sprouts Farmers Market visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
