Sprouts Farmers Market (NASDAQ:SFM) First Quarter 2024 Results

Key Financial Results

• Revenue: US$1.88b (up 8.7% from 1Q 2023).

• Net income: US$114.1m (up 50% from 1Q 2023).

• Profit margin: 6.1% (up from 4.4% in 1Q 2023). The increase in margin was driven by higher revenue.

• EPS: US$1.13 (up from US$0.73 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sprouts Farmers Market Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Consumer Retailing industry in the US.

Performance of the American Consumer Retailing industry.

The company's shares are up 7.5% from a week ago.

Valuation

Following the latest earnings results, Sprouts Farmers Market may be overvalued based on 6 different valuation benchmarks we assess. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

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