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PHOENIX - Sprouts Farmers Market, Inc. (NASDAQ:SFM) reported better-than-expected fourth quarter results and raised its full-year 2025 guidance, sending shares up 0.4% in after-hours trading Thursday.
The specialty grocery retailer posted adjusted earnings per share of $0.79 for Q4, surpassing analyst estimates of $0.71. Revenue came in at $2 billion, exceeding expectations of $1.95 billion and representing an 18% increase year-over-year. Comparable store sales grew 11.5% in the quarter.
"2024 was a remarkable year for our company," said CEO Jack Sinclair. "Our unique, attribute-driven offering resonates more than ever with our target customers."
For the full year 2024, Sprouts reported diluted EPS of $3.75 on net sales of $7.7 billion, up 13% from 2023.
Looking ahead, the company provided upbeat guidance for 2025. Sprouts expects Q1 EPS of $1.51 to $1.55, well above the $1.31 consensus estimate. For the full year 2025, the company forecasts EPS of $4.52 to $4.68, topping analyst expectations of $4.27.
Sprouts opened 33 new stores in 2024, ending the year with 440 locations across 24 states. The company plans to open at least 35 new stores in 2025.
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