📈 Price History

Ratio Health

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By Category

📊 Sector Averages

About

Sprouts Farmers Market, Inc., together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products in the United States.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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⭐ Superinvestors Holding SFM

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Manager	Shares	Value	% of Fund	Period
Jim Simons Renaissance Technologies LLC	2.44M	$188.0M	0.29%	Mar 2026
Steve Cohen Point72 Asset Management	489.3K	$37.7M	0.05%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Mixed ~ Volatile 4 quarters analysed

Q2 2025

Confident Specific

Management expressed strong confidence using specific metrics: 17% sales growth, 10.2% comps, 44% EPS growth. They repeatedly used positive language like 'proud', 'delighted', 'excited' and emphasized consistent execution.

Q3 2025

Cautious

Management acknowledged that the quarter 'fell short of our top-line expectations' and noted a 'softening consumer' and 'challenging year-on-year comparisons,' yet they highlighted 'strong earnings growth up 34%' and expressed confidence in the business model and strategy.

Q4 2025

Cautious

Management openly expressed disappointment with Q4 momentum and 2026 outlook using phrases like 'not happy with how the year finished' and '2026 will be a challenging year.' They balanced strong FY2025 results with cautious forward guidance, acknowledging 'transactions are still disappointing' and that lapping growth is 'more difficult than anticipated.' The tone is measured, emphasizing long-term confidence but near-term headwinds.

Q1 2026 latest

Mixed

acknowledged a cautious consumer backdrop and tough comparisons, but expressed confidence in sequential improvement through the year. They provided specific guidance for Q2 and full-year metrics.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis appears weaker near-term due to negative comparable sales and margin pressure from investments and fuel costs. However, management expects sequential improvement as comparisons ease and initiatives gain traction. The long-term thesis remains intact with strength in health and wellness, innovation, new store performance, and supply chain efficiencies. Key to watch next quarter will be whether traffic stabilizes, whether price investments drive volume without excessive margin erosion, and if Q2 guidance proves conservative or reflects continued headwinds.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Mixed ~ Volatile 4 quarters Full tone analysis in Intelligence →

📊 MIXED Sprouts Farmers Market reports Q1 2026 sales of $2.3B, comp sales -1.7%, net income $164M.

Revenue & Profitability

First quarter 2026 total sales were $2.3 billion, up 4% year-over-year, with comparable store sales declining 1.7%. Net income was $164 million, and diluted earnings per share were $1.71, a decrease of 6% from the prior year. EBIT was $215 million, and gross margin was 39.4%, down 20 basis points. Operating cash flow was $235 million.

Outlook

Management expects sequential improvement through 2026 as tough comparisons ease, though the consumer backdrop remains cautious. For full year 2026 on a 52-week basis, total sales growth guidance is 4.5%-6.5% with comp sales between -1% and +1%. Second quarter comp sales are expected to be -2% to 0%. EBIT margin pressure of approximately 75 basis points is expected in Q2 due to fixed cost deleverage and higher fuel costs.

Growth Drivers

New store performance is strong, with over 150 new stores approved and more than 105 executed leases. The company entered New York in Q1. E-commerce grew 10% and represents ~16% of sales. Innovation in attribute-driven categories like protein, probiotics, and organic products drives growth. Affordability initiatives include price reductions on essentials and targeted promotions.

Balance Sheet & CapEx

Capital expenditures net of landlord reimbursements are expected to be between $280 million and $310 million in 2026. The new Northern California distribution center will open in Q2 2026, completing initial meat self-distribution. The company is investing in talent and technology to improve store execution, inventory management, and personalization capabilities.

Margins

Gross margin in Q1 was 39.4%, down 20 basis points due to loyalty investment and shrink, partially offset by self-distribution benefits. Q2 EBIT margin pressure is expected to be about 75 basis points from fixed cost deleverage, loyalty anniversary, and fuel costs. Management expects margins to stabilize in the back half with improvements from shrink management, vendor funding from loyalty, and easier comparisons.

Key Risks

Risks include a cautious consumer environment, macroeconomic uncertainty, tough year-over-year comparisons (especially from a competitor strike and favorable produce seasons), tariff impacts on coffee and other categories, fuel cost volatility, and shrink performance. The company is also investing in affordability initiatives that may pressure margins.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-07-29

Revised summary: Q2 sales rose 5% year-over-year to $2.3B, led by new stores and e-commerce, though comparable sales fell 1%. 2026 guidance reaffirmed: 42 net new stores, EPS $5.32–$5.40. Margin pressures from fuel and loyalty investments persist, but innovation, supply chain, and affordability actions should support long-term growth.

Q1 2026 Q1 2026 2026-04-29

First quarter 2026 sales grew 4% year-over-year to $2.3 billion, driven by new stores and innovation, though comparable store sales declined 1.7%. Guidance for 2026 remains strong, with 40+ new stores planned and EPS outlook raised, despite margin pressures from loyalty investments and fuel costs.

Q4 2025 Q4 2025 2026-02-19

FY2025 saw strong sales and EPS growth, driven by new stores, innovation, and cost discipline, but comp momentum slowed at year-end. FY2026 guidance anticipates modest sales growth, margin pressure in the first half, and a focus on affordability and customer engagement as the company laps tough comparisons.

Q3 2025 Q3 2025 2025-10-29

Q3 delivered 34% EPS growth and 13% sales growth, driven by strong new stores and private label momentum, though top-line missed expectations due to tough comps and a softer consumer. Guidance calls for 14% sales growth and 37 new stores in 2025, with stable margins expected.

Q2 2025 Q2 2025 2025-07-30

Q2 saw 17% sales growth and 44% EPS increase, driven by strong comps, new stores, and innovation. Guidance for 2025 remains robust, with continued margin expansion, new store openings, and a full loyalty program rollout expected to drive future growth.

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Investment Risk:
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