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.
高盛分析师Leah Jordan重申对Sprouts Farmers Market, Inc.（纳斯达克：SFM）的买入评级，并将价格预测从78美元上调至89美元，原因是预计利润更高。
The company said it would issue financial results for the second quarter after the market closes on July 29, 2024.
该公司表示将在2024年7月29日收市后发布第二季度财务结果。
The analyst anticipates a solid beat for Sprouts Farmers in the second quarter.
分析师预计Sprouts Farmers在第二季度将有强有力的表现。
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.
由于其在天然和有机杂货领域的差异化组合，Sprouts Farmers有很好的市场份额增长前景。其客户群体应该更具有弹性，因为他们专注于特定的饮食和偏好。
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同样值得注意的是：随着劳动力需求指向工资增长，消费者景气看上去“健康”，高盛的分析师写道。
The analyst raised second-quarter EPS estimates to $0.81 from $0.79.
分析师将第二季度每股收益预期从0.79美元上调至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 强调了公司新增加店铺（约占1个百分点），轻微的流量增长，以及典型的超市物价膨胀率约为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).
分析师表示，杂货店内的交易量恢复将持续到FY25，而Sprouts Farms 可以通过扩大忠诚度方面的努力（目前正在试点）产生额外的销售动能。
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.
分析师强调了公司的差异性，私人品牌销售渗透率高达21%，认识到这些产品大多是创新型而不是廉价替代品，并且14%的销售渗透率展示了消费者积极寻找Sprouts Farmers而非第三方供应商的情况。
Jordan also highlighted the company's price gaps have remained relatively stable through the latest pricing study.
Jordan 还强调了公司的价格差距在最新的定价研究中仍然保持相对稳定。
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 具有各种毛利率优势，可以抵消促销活动潜在的增长，包括（与损耗相关的）缩小改进、采购机会、混合物、持续的促销优化以及在2H24开始的DC 扩张的利用。
Jordan increased FY24 EPS estimates to $3.16 from $3.13.
Jordan 将FY24每股收益预测从3.13美元上调至3.16美元。
Price Action: SFM shares are trading lower by 0.48% to $80.19 at last check Wednesday.
股票价格：截至周三最后交易时间，SFM股票下跌了0.48%，报80.19美元。
Image via Unsplash
图片来源：Unsplash
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