Sprouts (SFM) Reports Q3 2024 Earnings with 14% Sales Growth and 40% Increase in EPS
Sprouts (SFM) reported Q3 2024 earnings with total sales of $1.9 billion, a 14% increase, driven by an 8.4% comparable store sales growth and new store openings. The company also saw a 40% increase in diluted EPS to $0.91, though SG&A expenses rose by $79 million due to higher incentive compensation and e-commerce fees. The results were impacted by delayed store openings in Florida due to Hurricane Milton.
Topics: Earnings Call E-commerce Gross Margin Sales Growth SG&A Expenses Store Openings