Sprouts Farmers Market reported robust results for the fourth quarter and full year ended December 29, 2024. For Q4 2024, net sales increased by 18% to $1.996 billion, driven by an 11.5% rise in comparable store sales. Diluted earnings per share (EPS) surged by 61% to $0.79.
For the full year 2024, net sales grew 13% to $7.719 billion, with comparable store sales up 7.6%. Diluted EPS for the full year increased by 32% to $3.75. The company repurchased $109 million of stock in Q4 and $238 million for the full year, demonstrating strong cash generation.
Sprouts provided an optimistic outlook for 2025, projecting total sales growth of 10.5% to 12.5% and comparable store sales growth of 4.5% to 6.5%. The company plans to open at least 35 new stores and anticipates adjusted diluted EPS between $4.52 and $4.68, with capital expenditures of $230 million to $250 million.
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