In a release dated August 4th, Sprouts Farmers Market (SFM) reported results for the second quarter of FY 2022 ended July 3rd. 

For the period, SFM posted net income of $62.0 million on net sales of $1,596 million with a diluted EPS of $0.57.  Comparative figures for the second quarter ended July 4th 2021 were net income of $61 million on net sales of $1,522 million with a diluted EPS of $0.52. Sprouts Farmers Market generated a comparable same-store sales growth of 2.0 percent compared to the corresponding second quarter of 2021

In commenting on results, Jack Sinclair, CEO, stated, "The disciplined execution of our long-term strategy, with a sharp focus on near-term initiatives, delivered results that surpassed our expectations during the second quarter," He added "As we celebrate our company's 20th anniversary, I want to express my sincere appreciation to all of our team members for their passion and dedication to our customers."

Guidance for FY 2022 included net sales growth of 4 to 5 percent; a comparable same-store sales increase of 1 to 2 percent; net unit growth of 15 to 17 stores.

The company posted total assets of $2,987 million including $553 as goodwill and intangibles and carries long-term debt and lease liabilities of $1,399 million.

Sprouts Farmers Market has a market capitalization of $2,980 million and has traded for the past 52-weeks over a range of $21.18 to $35.34 with a 50-week moving average of $26.36.

On Wednesday, August 3rd, SFM closed at $27.15 and opened post-release on April 4th at $30.88.  Sprouts generated a trailing twelve-month operating margin of 5.6 percent and a profit margin of 4.0 percent.  Return on assets was 7.3 percent and the return on equity attained 25.2 percent.

Sprouts employs over 35,000 and operates approximately 350 stores in 23 states with headquarters in Phoenix, AZ.