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Sprouts Farmers Market fiscal Q4 profit climbs 61.6% YOY

4096386 said its normalized net income for the fiscal fourth quarter ended Jan. 3 amounted to 18 cents per share, compared with the S&P Capital IQ consensus estimate of 16 cents per share.

EPS rose 61.0% year over year from 11 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $27.6 million, an increase of 61.6% from $17.1 million in the fourth quarter ended Dec. 28, 2014.

The normalized profit margin rose to 3.0% from 2.3% in the year-earlier period.

Total revenue climbed 26.6% on an annual basis to $930.3 million from $734.6 million, and total operating expenses grew 25.8% year over year to $882.5 million from $701.4 million.

Reported net income increased 49.5% year over year to $28.1 million, or 18 cents per share, from $18.8 million, or 12 cents per share.

For the year, the company's normalized net income totaled 86 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 84 cents.

EPS rose 20.0% from 71 cents in the prior year.

Normalized net income was $133.3 million, an increase of 21.2% from $110.0 million in the prior year.

Full-year total revenue rose 21.1% year over year to $3.59 billion from $2.97 billion, and total operating expenses grew 21.5% on an annual basis to $3.36 billion from $2.77 billion.

he company said reported net income increased 19.8% on an annual basis to $129.4 million, or 83 cents per share, in the full year, from $108.0 million, or 70 cents per share.Sprouts Farmers Market Inc.

4096386 said its normalized net income for the fiscal fourth quarter ended Jan. 3 amounted to 18 cents per share, compared with the S&P Capital IQ consensus estimate of 16 cents per share.