Sprouts Farmers Well Positioned To Gain Market Share In Various Macro Backdrops - Analyst Sees 'Solid Beat' In Q2
Sprouts Farmers Well Positioned To Gain Market Share In Various Macro Backdrops - Analyst Sees 'Solid Beat' In Q2
Goldman Sachs analyst Leah Jordan reiterated a Buy rating on Sprouts Farmers Market, Inc. (NASDAQ:SFM), raising the price forecast to $89 from $78 due to higher estimates.
高盛分析師Leah Jordan重申對Sprouts Farmers Market, Inc.（納斯達克：SFM）的買入評級，並將價格預測從78美元上調至89美元，原因是預計利潤更高。
The company said it would issue financial results for the second quarter after the market closes on July 29, 2024.
該公司表示將在2024年7月29日收市後發佈第二季度財務結果。
The analyst anticipates a solid beat for Sprouts Farmers in the second quarter.
分析師預計Sprouts Farmers在第二季度將有強有力的表現。
Given its differentiated assortment across the natural and organic grocery landscape, Sprouts Farmers is well positioned to continue gaining market share in a variety of macro backdrops. Its customer base should be more resilient, as they are committed to specific diets and skew, the analyst writes.
由於其在天然和有機雜貨領域的差異化組合，Sprouts Farmers有很好的市場份額增長前景。其客戶群體應該更具有彈性，因爲他們專注於特定的飲食和偏好。
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同樣值得注意的是：隨着勞動力需求指向工資增長，消費者景氣看上去“健康”，高盛的分析師寫道。
The analyst raised second-quarter EPS estimates to $0.81 from $0.79.
分析師將第二季度每股收益預期從0.79美元上調至0.81美元。
Jordan highlights the company's ramp of new stores (~1pp contribution), modest traffic gains, and typical grocery inflation at ~2%.
Jordan 強調了公司新增加店鋪（約佔1個百分點），輕微的流量增長，以及典型的超市物價膨脹率約爲2%。
Per the analyst, the volume recovery within grocery stores will continue into FY25, while Sprouts Farmers could generate incremental top-line momentum from a bigger effort in loyalty (currently in pilot).
分析師表示，雜貨店內的交易量恢復將持續到FY25，而Sprouts Farms 可以通過擴大忠誠度方面的努力（目前正在試點）產生額外的銷售動能。
Underscoring the company's differentiation, the analyst highlights strong private label sales penetration of 21%, recognizing these are mostly innovative products rather than cheaper alternatives, and solid ecommerce engagement with 14% sales penetration as consumers proactively seek out Sprouts Farmers amid a variety of options from third party providers.
分析師強調了公司的差異性，私人品牌銷售滲透率高達21%，認識到這些產品大多是創新型而不是廉價替代品，並且14%的銷售滲透率展示了消費者積極尋找Sprouts Farmers而非第三方供應商的情況。
Jordan also highlighted the company's price gaps have remained relatively stable through the latest pricing study.
Jordan 還強調了公司的價格差距在最新的定價研究中仍然保持相對穩定。
Furthermore, Sprouts Farmers has various gross margin tailwinds that could offset potential increases in promotional activity, including shrink improvements (related to spoilage), sourcing opportunities, mix, ongoing promo optimization, and leverage of its DC expansions beginning in 2H24.
此外，Sprouts Farmers 具有各種毛利率優勢，可以抵消促銷活動潛在的增長，包括（與損耗相關的）縮小改進、採購機會、混合物、持續的促銷優化以及在2H24開始的DC 擴張的利用。
Jordan increased FY24 EPS estimates to $3.16 from $3.13.
Jordan 將FY24每股收益預測從3.13美元上調至3.16美元。
Price Action: SFM shares are trading lower by 0.48% to $80.19 at last check Wednesday.
股票價格：截至週三最後交易時間，SFM股票下跌了0.48%，報80.19美元。
Image via Unsplash
圖片來源：Unsplash
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譯文內容由第三人軟體翻譯。