Sprouts Farmers Market, Inc. - SFM STOCK NEWS

Sprouts Farmers Market (SFM) reported strong fourth quarter and fiscal year 2020 results, with net sales of $1.6 billion in Q4, up 17% from 2019, and total annual sales reaching $6.5 billion, a 15% increase. The company achieved a net income of $68 million for Q4, compared to $32 million in 2019, and annual net income of $287 million, up from $150 million. Adjusted diluted earnings per share rose to $0.59 in Q4 and $2.49 for the year, reflecting increases of 119% and 99% respectively. However, the outlook for 2021 forecasts flat to slight sales growth amidst ongoing COVID-19 uncertainties.

Sprouts Farmers Market (SFM) will announce its financial results for the 14-week quarter and 53-week year ending January 3, 2021, on February 25, 2021, post-market close. A conference call is set for 3:00 PM MST to discuss these results. Investors can access the call via dial-in numbers or online webcast. Sprouts continues to expand, operating over 360 stores across 23 states, focusing on fresh produce and healthier product options, enhancing its reputation as a leading grocery retailer.

Sprouts Farmers Market (Nasdaq: SFM) announced that CEO Jack Sinclair and CFO Denise Paulonis will present at the Stephens Annual Investment Conference. The virtual fireside chat is set for November 18, 2020, at 10:00 am EST. Investors can access the live webcast on the Investor Relations section of the Sprouts website, where an archived replay will also be available. Sprouts, headquartered in Phoenix, operates over 350 stores across 23 states and is known for its fresh produce and healthier product offerings.

Sprouts Farmers Market is promoting a festive holiday season with a focus on healthy, fresh options available online until November 23. Customers can pre-order a range of turkey and holiday meats, from natural to organic, alongside prepared meals and party trays. The company is dedicated to safety by adhering to CDC guidelines during the pandemic. A special Instagram cooking demo with Chef Cat Cora is scheduled for November 10. Sprouts emphasizes quality, offering meats raised without antibiotics and has convenient delivery and curbside pickup options available starting November 11.

Sprouts Farmers Market (SFM) reported a strong third quarter for 2020, achieving net sales of $1.6 billion, a 9.5% increase from 2019. Comparable store sales grew by 4.2%, and net income reached $60 million, climbing from $26 million a year earlier. Adjusted diluted earnings per share hit $0.52, up 136% year-over-year. Despite a 30.1% SG&A expense ratio, driven by COVID-related costs, the company opened six new stores during the quarter. The outlook for Q4 suggests continued sales growth, with anticipated adjusted EPS of $0.36 to $0.40.

Sprouts Healthy Communities Foundation has announced $1.6 million in donations to support 120 nonprofit organizations across 23 states, addressing urgent food access issues exacerbated by the pandemic.

These funds include 113 Neighborhood Grants and seven high-impact grants aimed at strengthening program capabilities. Notable initiatives include providing fresh groceries and virtual cooking classes to families and distributing fresh produce to food-insecure communities. Since its inception, the Foundation has awarded $12 million to support nonprofits focused on community food needs.

Sprouts Farmers Market (Nasdaq: SFM) will release its third-quarter financial results for the period ending September 27, 2020, on October 28, 2020, after market close. A conference call to discuss these results will be held at 2:00 PM PDT (5:00 PM EDT) on the same day. Interested investors can access the call via a webcast on the company's website. The audio replay will be available for 72 hours following the call. With over 350 stores across 23 states, Sprouts continues to grow as a key player in the healthy grocery market.

Thompson Thrift Retail Group has announced that Sprouts Farmers Market will anchor Sonoran Creek Marketplace, a significant retail development in Maricopa, Arizona, slated to open in September 2021. This 75,000-square-foot project, with an estimated cost of $30 million, is aimed at enhancing the community's retail offerings, which currently lack specialty grocers. The development will feature 23,293-square-foot Sprouts alongside other tenants, creating nearly 300 new jobs. The area is experiencing rapid growth, with approximately 22,000 new residential units planned in Maricopa.

Sprouts Farmers Market (SFM) reported second-quarter 2020 results, achieving net sales of $1.6 billion, a 16% increase year-over-year. Comparable store sales rose 9.1%, with net income reaching $67 million, up from $35 million in 2019. Diluted earnings per share increased to $0.57, compared to $0.30 a year ago. The company opened 6 new stores, totaling 350 across 23 states. While July comparable store sales are estimated to rise 9%, SFM noted ongoing uncertainties due to COVID-19, impacting its cost structure and outlook.