Sprouts Farmers Market, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 01, 2023
October 31, 2023 at 09:15 am EDT
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Sprouts Farmers Market, Inc. reported earnings results for the third quarter and nine months ended October 01, 2023. For the third quarter, the company reported sales was USD 1,713.28 million compared to USD 1,591.03 million a year ago. Net income was USD 65.31 million compared to USD 65.74 million a year ago. Basic earnings per share from continuing operations was USD 0.64 compared to USD 0.61 a year ago. Diluted earnings per share from continuing operations was USD 0.64 compared to USD 0.61 a year ago.
For the nine months, sales was USD 5,138.84 million compared to USD 4,827.67 million a year ago. Net income was USD 208.81 million compared to USD 216.04 million a year ago. Basic earnings per share from continuing operations was USD 2.03 compared to USD 1.98 a year ago. Diluted earnings per share from continuing operations was USD 2.01 compared to USD 1.97 a year ago.
Sprouts Farmers Market, Inc. is a specialty natural and organic food retailer. The Company offers a specialty grocery experience featuring an open layout with fresh produce at the heart of the store. It offers products made with lifestyle-friendly ingredients such as organic, plant-based and gluten-free. The Company curates its product mix to differentiate fresh, natural and organic foods and healthier options throughout all of its departments. It categorizes the varieties of products it sells as perishable and non-perishable. Its perishable product categories include produce, meat and meat alternatives, seafood, deli, bakery, floral and dairy and dairy alternatives. Its non-perishable product categories include grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care. The Company operates approximately 407 stores in 23 states.