STOCK TITAN
  1. Home
  2. Sec-filings
  3. SFM
  4. [8-K] Sprouts Farmers Market, Inc. Reports Material Event

Sprouts Farmers Market (Nasdaq: SFM) details Q2 earnings and 2026 outlook

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Sprouts Farmers Market, Inc. reported second-quarter 2026 results for the 13 weeks ended June 28, 2026. Net sales were $2.33 billion, a 5% increase from the same period in 2025, with comparable store sales of (1.0)%. Net income was $129.2 million and diluted earnings per share were $1.37 versus $1.35 a year earlier. The company opened 7 new stores, bringing the total to 490 stores in 25 states.

The company ended the quarter with $223.9 million in cash and cash equivalents and no borrowings under its $600 million revolving credit facility. Year-to-date through June 28, 2026, cash from operations was $369.0 million, with $186.0 million in capital expenditures and $210.0 million of share repurchases. For third-quarter 2026, Sprouts forecasts comparable store sales between (0.5)% and 1.5% and diluted EPS of $1.20–$1.24. On a 52-week basis for full-year 2026, guidance includes net sales growth of 5.5%–6.5%, comparable store sales of (0.5)% to 0.5%, EBIT of $675–$685 million, diluted EPS of $5.32–$5.40, approximately 42 net new stores, and capital expenditures of about $310 million. A 53rd week in 2026 is estimated to add about $200 million in sales, $28 million in EBIT and $0.21 in diluted EPS.

Positive

  • None.

Negative

  • None.

Filing Explained

At June 28, 2026, common shares outstanding were 93,721,860 versus 95,926,024 at year-end, alongside completed share repurchases.

Form 8-K reports specified material events; this filing covers the company’s second-quarter results and furnishes two investor presentations. The disclosure is complete as of July 29, 2026.

The company states that the results and presentation materials are furnished, not filed for purposes of Section 18 of the Exchange Act. That describes the filing’s reporting status rather than a new financing or other ownership transaction.

The balance sheet reports 93,721,860 common shares issued and outstanding on June 28, 2026, versus 95,926,024 on December 28, 2025, alongside the disclosed completed share repurchases. Under the supplied definition, dilution is an increase in share count that reduces an existing holder’s percentage ownership; the reported lower share count does not show that dilution mechanism.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Net sales Q2 2026 $2,325,804 thousand Thirteen weeks ended June 28, 2026; 5% increase vs Q2 2025
Comparable store sales Q2 2026 (1.0)% Second quarter 2026 comparable store sales
Diluted EPS Q2 2026 $1.37 Thirteen weeks ended June 28, 2026; vs $1.35 in 2025
Net income Q2 2026 $129,195 thousand Thirteen weeks ended June 28, 2026
Cash from operations YTD 2026 $368,995 thousand Twenty-six weeks ended June 28, 2026
Cash and cash equivalents $223,928 thousand Balance at June 28, 2026
FY 2026 EPS outlook $5.32 to $5.40 Full-year 2026 guidance on a 52-week basis
53rd week EPS impact $0.21 Estimated incremental diluted EPS from 53rd week in 2026
Comparable store sales financial
"Comparable store sales of (1.0)%"
Comparable store sales measure the change in revenue generated by stores that have been open for a certain period, typically at least one year. It helps assess how well a business is growing by showing whether existing stores are attracting more customers and sales, rather than just counting new store openings. Investors use this figure to gauge the true health and performance of a company's core operations over time.
EBITDA financial
"The company defines EBITDA as net income before interest"
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.
Earnings before interest and taxes (EBIT) financial
"Earnings before interest and taxes (EBIT) $ 174,174"
Earnings before interest and taxes (EBIT) measures how much profit a company generates from its core business operations before paying interest on debt or taxes. Think of it like checking how much money a store makes from selling goods and running the shop, before accounting for loan payments or government levies; investors use it to compare underlying profitability across companies and to judge operational efficiency independent of financing and tax differences.
Return on Invested Capital (ROIC) financial
"The Company defines ROIC as net operating profit after taxes"
Return on invested capital (ROIC) measures how much profit a company generates from the money put into its business, including debt and equity. Think of it like the harvest you get from seeds you planted: higher ROIC means the company uses its resources more efficiently to grow earnings. Investors care because ROIC shows whether a business is creating value above its cost of financing and helps compare operational effectiveness across companies.
53-week year financial
"fiscal year 2026 will be a 53-week year, with the extra week"
Non-GAAP Financial Measures financial
"In addition to reporting financial results in accordance with GAAP"
Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.
Net sales $2,325,804 thousand up 5% from the same period in 2025
Comparable store sales (1.0)% decline vs prior-year period
Diluted EPS $1.37 vs $1.35 in Q2 2025 (about +1%)
Net income $129,195 thousand vs $133,703 thousand in Q2 2025
Guidance

For Q3 2026, Sprouts projects comparable store sales of (0.5)% to 1.5% and diluted EPS of $1.20–$1.24. For full-year 2026 on a 52-week basis, it expects net sales growth of 5.5%–6.5%, comparable store sales of (0.5)% to 0.5%, EBIT of $675–$685 million, diluted EPS of $5.32–$5.40, about 42 net new stores, and capital expenditures of approximately $310 million. The 53rd week in 2026 is estimated to add about $200 million in sales, $28 million in EBIT and $0.21 in diluted EPS.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Understanding 8-K Material Events →

FAQ

What were Sprouts Farmers Market (SFM) net sales and growth in Q2 2026?
Sprouts Farmers Market reported Q2 2026 net sales of $2.33 billion, a 5% increase from Q2 2025. The 13-week quarter ended June 28, 2026, reflecting continued top-line growth despite slightly negative comparable store performance.

How profitable was Sprouts Farmers Market (SFM) in Q2 2026?
Sprouts generated net income of $129.2 million and diluted EPS of $1.37 in Q2 2026. Diluted EPS was slightly higher than the $1.35 recorded in the prior-year quarter, while EBIT reached $174.2 million with a 7.5% margin.

What were Sprouts Farmers Market (SFM) Q2 2026 comparable store sales?
Q2 2026 comparable store sales at Sprouts Farmers Market were (1.0)%. This metric captures performance at stores open for a comparable period and indicates a modest decline in same-store sales even as total company net sales increased 5% year over year.

What outlook did Sprouts Farmers Market (SFM) give for Q3 2026 and full-year 2026?
For Q3 2026, Sprouts projects comps of (0.5)% to 1.5% and diluted EPS of $1.20–$1.24. For full-year 2026 (52-week basis), guidance includes net sales growth of 5.5%–6.5% and diluted EPS of $5.32–$5.40, with EBIT of $675–$685 million.

How will the 53rd week affect Sprouts Farmers Market (SFM) 2026 results?
Sprouts estimates the 53rd week in fiscal 2026 will add about $200 million in sales, $28 million in income before interest and taxes, and $0.21 in diluted EPS. The extra week falls in the fourth quarter and is incremental to 52-week guidance.

What is Sprouts Farmers Market (SFM) cash flow and capital allocation so far in 2026?
Year-to-date through June 28, 2026, Sprouts generated $369.0 million in operating cash flow and invested $186.0 million in capital expenditures. The company also repurchased $210.0 million of common stock, excluding excise tax, while ending Q2 with $223.9 million in cash.

How many stores does Sprouts Farmers Market (SFM) operate and what are 2026 expansion plans?
As of June 28, 2026, Sprouts operated 490 stores in 25 states after opening seven new stores in Q2. For full-year 2026, the company plans approximately 42 net new stores, supporting its long-term growth and market expansion strategy.
0001575515false00015755152026-07-292026-07-29

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 29, 2026
Sprouts Farmers Market, Inc.
(Exact name of registrant as specified in its charter)
Delaware001-3602932-0331600
(State or other jurisdiction
of incorporation or organization)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
5455 E. High Street, Suite 111
Phoenix, Arizona 85054
(Address of principal executive offices and zip code)
(480) 814-8016
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class
Trading Symbol(s)
Name of Each Exchange on Which Registered
Common Stock, $0.001 par value per shareSFM
Nasdaq Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o


Item 2.02. Results of Operations and Financial Condition.
On July 29, 2026, Sprouts Farmers Market, Inc. (the “Company”) issued a press release announcing its results of operations for its second fiscal quarter ended June 28, 2026. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated into this Item 2.02 by reference.
The information furnished in this Item 2.02, including Exhibits 99.1, is being furnished and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference into any reports or filings with the Securities and Exchange Commission (the “SEC”), except as shall be expressly set forth by specific reference in such filing.
Item 7.01. Regulation FD Disclosure.
The Company hereby furnishes a PowerPoint presentation (the “Earnings Presentation”) to be used by management during the Company’s earnings conference call and a PowerPoint presentation (the “Investor Presentation”) to be used by the Company at various meetings with institutional investors or analysts. The Investor Presentation may be amended or updated at any time and from time to time through another Current Report on Form 8-K, a later company filing or other means. Copies of the Earnings Presentation and Investor Presentation are furnished herewith as Exhibit 99.2 and Exhibit 99.3, respectively, and are incorporated into this Item 7.01 by reference.
The information furnished in this Item 7.01, including Exhibits 99.2 and 99.3, is being furnished and shall not be deemed to be “filed” for the purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference into any reports or filings with the SEC, except as shall be expressly set forth by specific reference in such filing.
The Company does not have, and expressly disclaims, any obligation to release publicly any updates or any changes in its expectations or any change in events, conditions, or circumstances on which any forward-looking statement in the attached press release, Earnings Presentation or Investor Presentation is based, except as required by law.
The text of this Current Report on Form 8-K and the attached press release, Earnings Presentation and Investor Presentation are available on the Company’s investor relations website located at investors.sprouts.com, although the Company reserves the right to discontinue that availability at any time.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits
Exhibit
Number
Description
99.1
Press release of Sprouts Farmers Market, Inc., dated July 29, 2026, entitled “Sprouts Farmers Market, Inc. Reports Second Quarter 2026 Results”
99.2
Sprouts Farmers Market, Inc. Presentation, dated July 29, 2026, entitled “Q2 2026 Earnings"
99.3
Sprouts Farmers Market, Inc. Presentation, dated July 29, 2026, entitled "Investor Deck"
104Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SPROUTS FARMERS MARKET, INC.
Date: July 29, 2026
By:/s/ Brandon F. Lombardi
Name:Brandon F. Lombardi
Title:Chief Legal Officer and Corporate Secretary


Exhibit 99.1
img407723_0.jpg
Investor Contact: Media Contact:
Susannah Livingston media@sprouts.com
(602) 682-1584
susannahlivingston@sprouts.com
Sprouts Farmers Market, Inc. Reports Second Quarter 2026 Results
PHOENIX, Ariz. – (Business Wire) – July 29, 2026 – Sprouts Farmers Market, Inc. (Nasdaq: SFM) today reported results for the 13-week second quarter ended June 28, 2026.
“Our second-quarter results were in line with our expectations," said Jack Sinclair, chief executive officer of Sprouts Farmers Market. “As we continue to navigate a cautious consumer environment, we are encouraged by the strong performance of our new stores and the continued success of our foraging and innovation efforts. We are focused on driving deeper customer engagement, and we are confident in our long-term growth trajectory. I want to thank the team for their continued dedication, strong execution and commitment to serving our customers every day.”
Second Quarter Highlights:
•Net sales totaled $2.3 billion; a 5% increase from the same period in 2025
•Comparable store sales of (1.0)%
•Diluted earnings per share of $1.37; compared to diluted earnings per share of $1.35 in the same period in 2025
•Opened 7 new stores, resulting in 490 stores in 25 states as of June 28, 2026
Leverage and Liquidity in Second Quarter 2026
•Ended the quarter with $224 million in cash and cash equivalents and zero balance on our $600 million revolving credit facility
•Repurchased 0.9 million shares of common stock for a total investment of $70 million, excluding excise tax
•Generated cash from operations of $369 million and invested $186 million in capital expenditures, net of landlord reimbursement, year-to-date through June 28, 2026
Third Quarter and Full-Year 2026 Outlook
The following provides information on our third quarter 2026 outlook:
•Comparable store sales: (0.5)% to 1.5%
•Diluted earnings per share: $1.20 to $1.24
The Company notes that fiscal year 2026 will be a 53-week year, with the extra week falling in the fourth quarter.
We estimate the impact from the 53rd week to be approximately $200 million in sales, $28 million in income before interest and taxes, and $0.21 in diluted earnings per share.

The following provides information on our full year 2026 outlook (on a 52-week basis):
•Net sales growth: 5.5% to 6.5%
•Comparable store sales: (0.5)% to 0.5%


•EBIT: $675 million to $685 million
•Diluted earnings per share: $5.32 to $5.40
•Unit growth: 42 net new stores
•Capital expenditures (net of landlord reimbursements): ~$310 million
Second Quarter 2026 Conference Call
Sprouts will hold a conference call at 5:00 p.m. Eastern Time on Wednesday, July 29, 2026, during which Sprouts executives will further discuss second quarter 2026 financial results.
A webcast of the conference call will be available through Sprouts’ investor relations webpage, accessible via the following link. Participants should register on the website approximately ten minutes prior to the start of the webcast.
A webcast replay will be available at approximately 8:00 p.m. Eastern Time on July 29, 2026. This can be accessed with the following link.
Important Information Regarding Outlook
There is no guarantee that Sprouts will achieve its projected financial expectations, which are based on management estimates, currently available information and assumptions that management believes to be reasonable. These expectations are inherently subject to significant economic, competitive and other uncertainties and contingencies, many of which are beyond the control of management. See “Forward-Looking Statements” below.
Forward-Looking Statements
Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Any statements contained herein that are not statements of historical fact (including, but not limited to, statements to the effect that Sprouts Farmers Market or its management "anticipates," "plans," "estimates," "expects," "will," "believes," or "projects," or the negative of these terms and other similar expressions) should be considered forward-looking statements, including, without limitation, statements regarding the company’s outlook, growth, opportunities and long-term strategy. These statements involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this release. These risks and uncertainties include, without limitation, the company’s ability to execute on its long-term strategy; the company’s ability to successfully compete in its competitive industry; the company’s ability to successfully open new stores; the company’s ability to manage its growth; the company’s ability to maintain or improve its operating margins; the company’s ability to identify and react to trends in consumer preferences in a timely manner; product supply disruptions; equipment supply disruptions; general economic conditions that impact consumer spending or result in competitive responses; accounting standard changes; potential inflationary and/or deflationary trends; tariffs; and other factors as set forth from time to time in the company’s Securities and Exchange Commission filings, including, without limitation, the company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The company intends these forward-looking statements to speak only as of the time of this release and does not undertake to update or revise them as more information becomes available, except as required by law.
Corporate Profile
Sprouts Farmers Market is one of the largest and fastest growing specialty retailers of fresh, natural and organic food in the United States. Sprouts helps people live and eat better with fresh produce at the heart of the store and delicious discoveries for every dietary lifestyle. Always foraging for what’s fresh and innovative, Sprouts offers a carefully curated assortment of products that inspire wellness naturally, including organic, gluten-free, plant-based and non-GMO favorites. Headquartered in Phoenix, AZ, Sprouts employs more than 36,000 team members and operates more than 480 stores in 25 states nationwide. To learn more about Sprouts and the role it plays in its communities, visit sprouts.com/about/.


SPROUTS FARMERS MARKET, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
Thirteen weeks endedTwenty-six weeks ended
June 28, 2026June 29, 2025June 28, 2026June 29, 2025
Net sales$2,325,804 $2,220,602 $4,654,983 $4,457,038 
Cost of sales1,425,156 1,358,002 2,837,059 2,708,075 
Gross profit900,648 862,600 1,817,924 1,748,963 
Selling, general and administrative expenses682,633 645,127 1,341,414 1,268,353 
Depreciation and amortization (exclusive of depreciation included in cost of sales)43,081 36,606 85,108 71,705 
Store closure and other costs, net760 1,511 1,921 3,217 
Income from operations174,174 179,356 389,481 405,688 
Interest expense/(income), net68 (431)(61)(1,355)
Income before income taxes174,106 179,787 389,542 407,043 
Income tax provision44,911 46,084 96,623 93,314 
Net income$129,195 $133,703 $292,919 $313,729 
Net income per share:
Basic$1.37 $1.37 $3.10 $3.19 
Diluted$1.37 $1.35 $3.08 $3.16 
Weighted average shares outstanding:
Basic93,98897,85894,40198,198
Diluted94,41098,77494,99599,259


SPROUTS FARMERS MARKET, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
(IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
June 28, 2026December 28, 2025
ASSETS
Current assets:
Cash and cash equivalents$223,928 $257,282 
Accounts receivable, net65,522 65,221 
Inventories436,814 427,095 
Prepaid expenses and other current assets44,563 60,306 
Total current assets770,827 809,904 
Property and equipment, net of accumulated depreciation1,184,636 1,085,356 
Operating lease assets, net1,763,052 1,652,732 
Intangible assets208,215 208,215 
Goodwill381,750 381,750 
Other assets23,156 20,692 
Total assets$4,331,636 $4,158,649 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable$272,314 $291,033 
Accrued liabilities252,191 304,419 
Accrued salaries and benefits70,479 96,017 
Current portion of operating lease liabilities179,295 177,263 
Current portion of finance lease and other finance obligations3,025 2,071 
Total current liabilities777,304 870,803 
Long-term operating lease liabilities1,813,174 1,682,425 
Long-term debt and other finance obligations110,799 81,585 
Other long-term liabilities43,801 40,283 
Deferred income tax liability85,690 80,479 
Total liabilities2,830,768 2,755,575 
Commitments and contingencies
Stockholders’ equity:
Undesignated preferred stock, $0.001 par value; 10,000,000 shares authorized, no shares issued and outstanding— — 
Common stock, $0.001 par value; 200,000,000 shares authorized, 93,721,860 shares issued and outstanding, June 28, 2026; 95,926,024 shares issued and outstanding, December 28, 2025
94 96 
Additional paid-in capital858,532 841,848 
Retained earnings642,242 561,130 
Total stockholders’ equity1,500,868 1,403,074 
Total liabilities and stockholders’ equity$4,331,636 $4,158,649 


SPROUTS FARMERS MARKET, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
(IN THOUSANDS)
Twenty-six weeks ended
June 28, 2026June 29, 2025
Operating activities
Net income$292,919 $313,729 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense89,951 75,264 
Operating lease asset amortization79,564 70,568 
Share-based compensation15,667 14,403 
Deferred income taxes5,210 2,941 
Other non-cash items2,282 2,712 
Changes in operating assets and liabilities:
Accounts receivable6,327 21,227 
Inventories(9,719)(7,782)
Prepaid expenses and other current assets15,694 (719)
Other assets(2,334)(2,529)
Accounts payable14,523 5,664 
Accrued liabilities(58,209)10,108 
Accrued salaries and benefits(25,537)(12,877)
Operating lease liabilities(63,548)(83,113)
Other long-term liabilities6,205 741 
Cash flows from operating activities368,995 410,337 
Investing activities
Purchases of property and equipment(189,907)(120,319)
Cash flows used in investing activities(189,907)(120,319)
Financing activities
Payments on finance lease liabilities(309)(644)
Repurchase of common stock(209,999)(292,223)
Payments of excise tax on repurchases of common stock(4,172)(2,091)
Proceeds from exercise of stock options1,017 1,224 
Cash flows used in financing activities(213,463)(293,734)
Decrease in cash, cash equivalents, and restricted cash(34,375)(3,716)
Cash, cash equivalents, and restricted cash at beginning of the period260,894 267,213 
Cash, cash equivalents, and restricted cash at the end of the period$226,519 $263,497 


Non-GAAP Financial Measures
In addition to reporting financial results in accordance with accounting principles generally accepted in the United States (“GAAP”), the company presents EBITDA and EBIT. These measures are not in accordance with, and are not intended as alternatives to, GAAP. The company's management believes that this presentation provides useful information to management, analysts and investors regarding certain additional financial and business trends relating to its results of operations and financial condition. In addition, management uses these measures for reviewing the financial results of the company, and certain of these measures may be used as components of incentive compensation.
The company defines EBITDA as net income before interest (income) expense, net, provision for income tax, and depreciation, amortization and accretion. The company defines EBIT as net income before interest (income) expense, net and provision for income tax.
Non-GAAP measures are intended to provide additional information only and do not have any standard meanings prescribed by GAAP. Use of these terms may differ from similar measures reported by other companies. Because of their limitations, non-GAAP measures should not be considered as a measure of discretionary cash available to use to reinvest in the growth of the company’s business, or as a measure of cash that will be available to meet the company’s obligations. Each non-GAAP measure has its limitations as an analytical tool, and they should not be considered in isolation or as a substitute for analysis of the company’s results as reported under GAAP.
The following table shows a reconciliation of EBIT and EBITDA to net income for the thirteen and twenty-six weeks ended June 28, 2026 and June 29, 2025:



SPROUTS FARMERS MARKET, INC. AND SUBSIDIARIES
NON-GAAP MEASURE RECONCILIATION
(UNAUDITED)
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
Thirteen weeks endedTwenty-six weeks ended
June 28, 2026June 29, 2025June 28, 2026June 29, 2025
Net income$129,195 $133,703 $292,919 $313,729 
Income tax provision44,911 46,084 96,623 93,314 
Interest (income) expense, net68 (431)(61)(1,355)
Earnings before interest and taxes (EBIT)174,174 179,356 389,481 405,688 
Depreciation, amortization and accretion45,675 38,444 89,951 75,264 
EBITDA$219,849 $217,800 $479,432 $480,952 
###

Source: Sprouts Farmers Market, Inc.
Phoenix, AZ
7/29/26

Sprouts Farmers Market Q2 2026 Earnings July 29, 2026 Exhibit 99.2

 

Forward-Looking Statements Certain statements in this presentation are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Any statements contained herein that are not statements of historical fact (including, but not limited to, statements to the effect that Sprouts Farmers Market or its management "anticipates," "plans," "estimates," "expects," "will," "believes," or "projects," or the negative of these terms and other similar expressions) should be considered forward-looking statements, including, without limitation, statements regarding the company’s outlook, growth, opportunities and long-term strategy. These statements involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this presentation. These risks and uncertainties include, without limitation, the company’s ability to execute on its long-term strategy; the company’s ability to successfully compete in its competitive industry; the company’s ability to successfully open new stores; the company’s ability to manage its growth; the company’s ability to maintain or improve its operating margins; the company’s ability to identify and react to trends in consumer preferences in a timely manner; product supply disruptions; equipment supply disruptions; general economic conditions that impact consumer spending or result in competitive responses; accounting standard changes; potential inflationary and/or deflationary trends; tariffs; and other factors as set forth from time to time in the company’s Securities and Exchange Commission filings, including, without limitation, the company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The company intends these forward-looking statements to speak only as of the time of this presentation and does not undertake to update or revise them as more information becomes available, except as required by law. Non-GAAP Financial Measures We refer to adjusted gross profit, adjusted gross margin, EBIT, adjusted EBIT, adjusted EBIT Margin, adjusted diluted earnings per share and Return on Invested Capital ("ROIC"), each of which is a Non-GAAP Financial Measure. These measures are not prepared in accordance with, and are not intended as alternatives to, generally accepted accounting principles in the United States, or GAAP. The Company's management believes that such measures provide useful information to management, analysts and investors regarding certain additional financial and business trends relating to its results of operations and financial condition. In addition, management uses these measures for reviewing the Company’s financial results, and certain of these measures may be used as components of incentive compensation. The Company defines adjusted gross profit as gross profit, excluding the impact of special items. Adjusted gross margin reflects adjusted gross profit divided by net sales for the applicable period. EBIT is defined as net income before interest (income) expense, net and provision for income tax, and adjusted EBIT as EBIT, excluding the impact of special items. Adjusted EBIT Margin reflects adjusted EBIT, divided by net sales for the applicable period. The Company defines adjusted diluted earnings per share as diluted earnings per share excluding the impact of special items. The Company defines ROIC as net operating profit after taxes ("NOPAT"), including the effect of capitalized operating leases, divided by average invested capital. Non-GAAP measures are intended to provide additional information only and do not have any standard meanings prescribed by GAAP. Use of these terms may differ from similar measures reported by other companies. Because of their limitations, non-GAAP measures should not be considered as a measure of discretionary cash available to use to reinvest in the growth of the Company’s business, or as a measure of cash that will be available to meet the Company’s obligations. Each non-GAAP measure has its limitations as an analytical tool, and you should not consider them in isolation or as a substitute for analysis of the Company’s results as reported under GAAP. To the extent forward looking non-GAAP financial measures are provided herein, they are not reconciled to comparable forward-looking GAAP measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. 2

 

3

 

Second Quarter 2026 Highlights Net Sales +5% Comps(1) (1.0)% New Store Openings 7 Diluted EPS $1.37 EPS Growth(2) +1% Cash Generation $134M Share Repurchases(3) $70M 1. Comparable Store Sales 2. Reflects comparison of Q2 26 diluted EPS to Q2 25 diluted EPS 3. Excluding excise tax 4

 

YTD 2026 Highlights Net Sales +4% Comps(1) (1.4)% New Store Openings 13 Diluted EPS $3.08 EPS Growth(2) (3)% Cash Generation $369M Share Repurchases(3) $210M 1. Comparable Store Sales 2. Reflects comparison of YTD Q2 26 diluted EPS to YTD Q2 25 diluted EPS 3. Excluding excise tax 5

 

Strong New Store Performance Launched More Than 1,300 Unique Items in Q2 Self-Distribution of Meat - nearly 85% of Stores are Serviced Through Sprouts DCs Opened 7 new Stores in Q2 Healthy Balance Sheet & Robust Cash Flow Provide Flexibility to Invest in the Business Initiatives Remain on Track in 2026 Strong Adoption of the Loyalty Program

 

Solid Financials 7 $1,692 $1,894 $2,221 $2,326 Q2 23 Q2 24 Q2 25 Q2 26 37.1% 37.9% 38.8% 38.7% Q2 23 Q2 24 Q2 25 Q2 26 NET SALES ($ in mm) GROSS MARGIN (1) (1) Q2 23 gross margin is presented on an adjusted basis. See the Appendix to this presentation for a reconciliation of gross margin to adjusted gross margin. (2) Q2 23 EBIT and EBIT margin are presented on an adjusted basis. See the Appendix to this presentation for a reconciliation of EBIT and EBIT margin to adjusted EBIT and adjusted EBIT margin. $100 $127 $179 $174 5.9% 6.7% 8.1% 7.5% Q2 23 Q2 24 Q2 25 Q2 26 EBIT & EBIT MARGIN(2) ($ in mm)

 

Solid Financials 8 Diluted Earnings Per Share(1) ROIC(2) 13.0% 13.7% 17.8% 16.8% Q2 23 Q2 24 Q2 25 Q2 26 $0.71 $0.94 $1.35 $1.37 Q2 23 Q2 24 Q2 25 Q2 26 (1) Q2 23 diluted earnings per share is presented on an adjusted basis. See the Appendix to this presentation for a reconciliation of diluted earnings per share to adjusted diluted earnings per share. (2)See the Appendix to this presentation for a reconciliation of ROIC to net income.

 

Strong Balance Sheet, Robust Cash Flows ($ in mm) 1. Capital expenditures are net of landlord reimbursement 2. Excluding excise tax Self Fund our Growth and Deliver Shareholder Value Through Ongoing Share Repurchases $93 $89 $138 $186 $148 $104 $292 $210 $295 $311 $410 $369 Cap Ex Share Repurchase Operating Cash Flow YTD Q2 23 YTD Q2 24 YTD Q2 25 YTD Q2 26 9 (1) (2)

 

Expect to open 42 net new stores Capex (net of landlord reimbursement) ~$310 million Third Quarter 2026: Comp sales of (0.5)% to 1.5% and diluted EPS $1.20 to $1.24 Net sales growth of 5.5% to 6.5% Comp sales of (0.5)% to 0.5% Earnings before interest & taxes (EBIT) $675 million to $685 million Diluted earnings per share (EPS) $5.32 to $5.40 10 Full-Year 2026 Outlook (on a 52 week basis)(1) (1)The Company notes the fiscal year 2026 will be a 53-week year, with the extra week falling in the fourth quarter. We estimate the impact from the 53rd week to be approximately $200 million in sales, $28 million in income before interest and taxes, and $0.21 in diluted earnings per share.

 

Appendix

 

Appendix SPROUTS FARMERS MARKET, INC. AND SUBSIDIARIES NON-GAAP MEASURE RECONCILIATION (UNAUDITED) (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) The following table shows a reconciliation of EBIT and adjusted EBIT to net income, adjusted EBIT margin to EBIT margin, as well as a reconciliation of adjusted net income and adjusted diluted earnings per share to net income and diluted earnings per share for the 13 weeks ended June 28, 2026, June 29, 2025, June 30, 2024 and July 2, 2023 12 Thirteen Weeks Ended Thirteen Weeks Ended Thirteen Weeks Ended Thirteen Weeks Ended Jun 28, 2026 Jun 29, 2025 Jun 30, 2024 Jul 2, 2023 Net Sales $ 2,325,804 $ 2,220,602 $ 1,893,519 $ 1,692,247 Gross Profit $ 900,648 $ 862,600 $ 718,365 $ 625,972 Special Items — — — 1,653 (1) Adjusted gross profit 900,648 862,600 718,365 627,625 Gross margin 38.7 % 38.8 % 37.9 % 37.0 % Adjusted gross margin 38.7 % 38.8 % 37.9 % 37.1 % Net Income $ 129,195 $ 133,703 $ 95,289 $ 67,334 Income tax provision 44,911 46,084 32,167 22,142 Interest (income) expense, net 68 (431) (139) 2,140 Earnings before interest and taxes (EBIT) 174,174 179,356 127,317 91,616 Special Items — — — 8,115 (2) Adjusted EBIT $ 174,174 $ 179,356 $ 127,317 $ 99,731 EBIT Margin 7.5 % 8.1 % 6.7 % 5.4 % Adjusted EBIT Margin 7.5 % 8.1 % 6.7 % 5.9 % Net Income $ 129,195 $ 133,703 $ 95,289 $ 67,334 Special Items, net of tax — — — 5,971 (2) Adjusted Net income $ 129,195 $ 133,703 $ 95,289 $ 73,305 Diluted EPS $ 1.37 $ 1.35 $ 0.94 $ 0.65 Adjusted Diluted EPS $ 1.37 $ 1.35 $ 0.94 $ 0.71 Diluted Weighted Average Shares Outstanding 94,410 98,774 101,196 103,514 (1) For the thirteen weeks ended July 2, 2023, special items included approximately $2 million in cost of sales related to store closures and our supply chain transition. (2) For the thirteen weeks ended July 2, 2023, special items included approximately $4 million in selling, general and administrative expenses related to store closures, our supply chain transition and acquisition related costs, $2 million in Depreciation and amortization (exclusive of depreciation in cost of sales) for accelerated depreciation in connection with store closures and $2 million in cost of sales related to store closures and our supply chain transition. After-tax impact includes the tax benefit on the pre-tax charge.

 

Appendix The following table shows a reconciliation of ROIC to net income for the Company's second quarter of 2026. 2025, 2024 and 2023. 13

 

 

SPROUTS FARMERS MARKET Investor Deck July 2026 Exhibit 99.3

 

Forward-Looking Statements Certain statements in this presentation are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Any statements contained herein that are not statements of historical fact (including, but not limited to, statements to the effect that Sprouts Farmers Market or its management "anticipates," "plans," "estimates," "expects," "will," "believes," or "projects," or the negative of these terms and other similar expressions) should be considered forward-looking statements, including, without limitation, statements regarding the company’s outlook, growth, opportunities and long-term strategy. These statements involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this presentation. These risks and uncertainties include, without limitation, the company’s ability to execute on its long-term strategy; the company’s ability to successfully compete in its competitive industry; the company’s ability to successfully open new stores; the company’s ability to manage its growth; the company’s ability to maintain or improve its operating margins; the company’s ability to identify and react to trends in consumer preferences in a timely manner; product supply disruptions; equipment supply disruptions; general economic conditions that impact consumer spending or result in competitive responses; accounting standard changes; potential inflationary and/or deflationary trends; tariffs; and other factors as set forth from time to time in the company’s Securities and Exchange Commission filings, including, without limitation, the company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The company intends these forward-looking statements to speak only as of the time of this presentation and does not undertake to update or revise them as more information becomes available, except as required by law. We refer to adjusted gross profit, adjusted gross margin, EBIT, adjusted EBIT, adjusted EBIT Margin, adjusted diluted earnings per share, Return on Invested Capital ("ROIC") and EBITDA Margin, each of which is a Non-GAAP Financial Measure. These measures are not prepared in accordance with, and are not intended as alternatives to, generally accepted accounting principles in the United States, or GAAP. The Company's management believes that such measures provide useful information to management, analysts and investors regarding certain additional financial and business trends relating to its results of operations and financial condition. In addition, management uses these measures for reviewing the Company’s financial results, and certain of these measures may be used as components of incentive compensation. The Company defines adjusted gross profit as gross profit, excluding the impact of special items. Adjusted gross margin reflects adjusted gross profit divided by net sales for the applicable period. EBIT is defined as net income before interest (income) expense, net and provision for income tax, and adjusted EBIT as EBIT, excluding the impact of special items. Adjusted EBIT Margin reflects adjusted EBIT, divided by net sales for the applicable period. EBITDA is defined as net income before interest (income) expense, net, provision for income tax, and depreciation, amortization and accretion. EBITDA Margin reflects EBITDA, divided by net sales for the applicable period. The Company defines adjusted diluted earnings per share as diluted earnings per share excluding the impact of special items. The Company defines ROIC as net operating profit after taxes, including the effect of capitalized operating leases, divided by average invested capital. Non-GAAP measures are intended to provide additional information only and do not have any standard meanings prescribed by GAAP. Use of these terms may differ from similar measures reported by other companies. Because of their limitations, non-GAAP measures should not be considered as a measure of discretionary cash available to use to reinvest in the growth of the Company’s business, or as a measure of cash that will be available to meet the Company’s obligations. Each non-GAAP measure has its limitations as an analytical tool, and you should not consider them in isolation or as a substitute for analysis of the Company’s results as reported under GAAP. To the extent forward looking non-GAAP financial measures are provided herein, they are not reconciled to comparable forward-looking GAAP measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. Unless otherwise indicated, information included in this presentation is as of our 2025 fiscal year ended December 28, 2025. Non-GAAP Financial Measures 2

 

OUR PURPOSE We help People Live and Eat Better 33 3

 

WIN WITH TARGET CUSTOMERS Sprouts’ Long-Term Strategy Four Strategic Pillars Driving Sustainable Growth No. 1 No. 2 No. 3 No. 4 DEEPEN CUSTOMER ENGAGEMENT & PERSONALIZATION BUILD AN ADVANTAGED SUPPLY CHAIN EXPAND STORE & MARKET FOOTPRINT • High quality attribute-led assortment • Innovation leader • Service-driven store experience • Omni-channel experience • Deep understanding of target customers • Create value via personalization & loyalty • Grow awareness & acquisition • New stores, new markets • Small box, de-risked new store format • Accelerated new store performance • Own and improve fresh distribution • Network expansion & efficiency • Increase local sourcing 4

 

Sales Growth Earnings Growth Store Expansion Strong ROIC Sprouts Long-Term Strategy Delivers Key Financial Metrics 5

 

Why Invest in Sprouts? • Huge potential with health & wellness • Powerful growth opportunity • Healthy financials • Differentiated experience • Strong leadership with values-driven culture 6

 

Powerful Growth Opportunity Plenty of white space Advantaged supply chain Why Invest in Sprouts Farmers Market? A differentiated, powerful growth business No. 1 No. 2 No. 3 No. 4 Healthy Financials Structurally improved margins Strong ROIC Robust cash flow Strong box economics Strong Leadership with Values-Driven Culture Experienced executive team Talent engine Commitment to community & planet Differentiated Experience; Health & Wellness Focus Innovation via foraging Attribute-driven products, high quality Sprouts Brand Best-in-class customer service, easy to shop Engagement Opportunity 7

 

8 • Focus on natural and organic products (vs. CPG), a fast-growing channel of food at home • Huge opportunity to grow target customer share of wallet • Tailored marketing highlighting health and affordability • Innovation center with latest healthy trends • Revamped site selection model finding optimal locations for target customer convenience CONSUMERS SPEND $1.6T ON FOOD AT HOME (1) Sprouts’ Target Customers (1) (1) Source 2019-2024 Consumer Research; Kantar IQ; Willard Bishop Food Retailing Reports; PG100 Reports; Euromonitor $290B Huge Potential With Health & Wellness Target Customer

 

Powerful Growth Opportunity Plenty of white space, potential for 1,000+ stores 9

 

Powerful Growth Opportunity Build an Advantaged fresh supply chain Distribution Centers (DCs) within 250 miles of the majority of stores Investing in forecasting & replenishment systems to scale & grow Locally sourced: Partnerships with 170 local farmers; 17% of total produce sales Efficiency: 80% of stores within 250 miles of DC Consolidate sourcing for improved Self- distribution of fresh meat - improved freshness & cost effectiveness Network Expansion: Exploring DC locations in Southeast, MidAtlantic & Midwest 10

 

36.7% 38.8% 2022 2025 Healthy Financials Stronger Foundation: Strategic Initiatives Taking Hold(1) NET SALES GROWTH (1) See the Appendix to this presentation for a reconciliation of EBIT to net income and a reconciliation of ROIC to net income. ($ in mm) ROICEBIT & EBIT MARGIN GROSS MARGIN $6,404 $8,806 2022 2025 $358 $686 2022 2025 12.4% 18.3% 2022 2025 ($ in mm) 11

 

Healthy Financials Diluted Earnings per Share Growing $2.39 $5.31 2022 2025 12

 

Healthy Financials Strong Balance Sheet, Robust Cash Flows ($ in mm) 1. Capital expenditures are net of landlord reimbursement 2. Excluding excise tax Self-fund growth and deliver shareholder value with ongoing share repurchases (1) (2) 13

 

EBITDA MARGINS • Break even year 1 • Grows to a blended ~8% EBITDA Margins over the next 4 years CASH INVESTMENT • $3.8M average new store build including CapEx, Inventory and Pre- opening expenses 1. These are targets and not projections; they are subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of the Company and its management, and are based on assumptions with respect to future decisions, which may be subject to change. Actual results may vary and the variances may be material. Nothing in this presentation should be regarded as a representation that these targets will be achieved and the Company undertakes no duty to update its targets. See “Forward- Looking Statements.” SALES • Box opens on average at $13M in year 1 annual sales • Grows 20% to 25% over next the next 4 years CASH ON CASH RETURN • Low to mid thirties by year 5 14 Healthy Financials Strong four wall target box economics(1); Robust new store performance

 

Attractive New Store Economics ~10%-unit growth(2) Low single digit comps Stable EBIT Margins off a Higher Base (1) These are targets and not projections; they are subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of the Company and its management, and are based on assumptions with respect to future decisions, which may be subject to change. Actual results may vary and the variances may be material. Nothing in this presentation should be regarded as a representation that these targets will be achieved and the Company undertakes no duty to update its targets. See “Forward-Looking Statements.” (2) Expect to open 42 net new stores in 2026 15 Healthy Financials: Long-term Strategic Financial Targets(1) Low double-digit earnings growth and strong ROIC

 

(1) These are targets and not projections; they are subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of the Company and its management, and are based on assumptions with respect to future decisions, which may be subject to change. Actual results may vary and the variances may be material. Nothing in this presentation should be regarded as a representation that these targets will be achieved and the Company undertakes no duty to update its targets. See “Forward-Looking Statements.” See the Appendix to this presentation for a reconciliation of EBIT margin to the comparable GAAP figure. KEY COMP DRIVERS • Tailored marketing • Innovative, differentiated products • Omnichannel offering • Customer engagement • New store comp tailwind – partially offset by cannibalization MARGIN STABILITY + Supply chain optimization + Inventory Management + Fixed cost leverage as we scale + Labor productivity and cost management - Headwinds from ecommerce and new store growth 16 HEALTHY FINANCIALS Low Single-digit Comps Targets & Stable EBIT Margins(1)

 

Increasingly locally sourced fresh produce Knowledgeable & friendly team members Produce at the heart of the store Farmer’s market feel: small size, low profile Intersection of health and affordability Differentiated Store Experience 17

 

Differentiated Experience Innovation via foraging 18 • >7,000 new items introduced in 2025 • Forager Finds showcases new items monthly 18

 

Sprouts Brand Sales Penetration(1) • $2.3B in sales of Sprouts Brand Products in 2025: up +33% from $1.7B in 2024n 5) • >600 Sprouts Brand products launched in 2025 (1) Sprouts Brand Sales Penetration represents sales of Sprouts Brand products, as a percentage of total company sales. 19 Differentiated Offering High quality Sprouts Brand: Over $2B In Sales 19% 20% 23% 26% 2022 2023 2024 2025

 

20 Differentiated Experience: >70% of products sold are attribute-driven Department Highlights: • >30% of products sold are organic • >50% of Produce is organic • >50% of Dairy is organic • >30% of Bakery is non-GMO • >21% of Meat is grass-fed; 50% of beef is grass-fed • 100% of Seafood is responsibly- sourced • >50% of Frozen is gluten-free

 

• Stronger interest in organics, fresh, less processed foods, sustainability • Seeks high quality, lifestyle-friendly products, & differentiated assortment; pays greater attention to labels • Willing to make more of an effort (to drive farther or to make an additional trip) to get the items that meet their needs & standards • Slightly higher educated • Skews higher income • Continue to attract younger customers • >15% sales penetration from Ecommerce: Majority of ecommerce customers are omnichannel with higher share of wallet 21 Health & Wellness Focus: Target Customer Demographics: Consumer who craves health & wellness

 

• Healthy sign-ups: fast adoption of loyalty program • Customers love shopping at Sprouts - they have unique needs and want differentiated products • Gathering more data allows us to better understand and serve our target customers: • Personalized experience • Product recommendation (hyper relevant) • Creates long-term customer stickiness • Sprouts Rewards members come more often and spend more • ~55% of total sales from ID customers by end of 2025 2024 22 Health & Wellness Focus: Opportunity for Further Engagement

 

23 Strong Leadership with Values-Driven Culture Executive Management Team with Leading Grocery & Retail Experience Jack Sinclair Chief Executive Officer since 2019 Curtis Valentine Chief Financial Officer since 2024 (joined SFM in 2015) Don Clark Chief Merchandising Officer since 2026 Dustin Hamilton Chief Stores Officer since 2023 (joined SFM in 2021) Dave McGlinchey Chief Development Officer since 2022 (joined SFM in 2017) Brandon Lombardi Chief Legal Officer & Chief Sustainability Officer since 2012 Kim Coffin Chief Forager since 2022 (joined SFM in 2012) Joe Hurley Chief Supply Chain Officer since 2023 (joined SFM in 2019) James Bahrenburg Chief Technology Officer since 2023 Timmi Zalatoris Chief Human Resources Officer since 2023 (joined SFM in 2017) Nick Konat President & Chief Operating Officer since 2022 Amanda Rassi Chief Customer Officer since 2026

 

In 2025: • 3,700 New jobs created • 68,735 Leadership training hours delivered • >$21/hr Average pay rate for store team members • ~60% Store Manager positions filled with internal candidates 24 Creating a Talent Engine to Support our Growth

 

• $31M in bonuses paid to field team members • $26M in savings for team members with store discount WE CARE WE OWN ITWE LOVE BEING DIFFERENT 25 Three Simple Values at the Heart of our Strong Culture

 

• 36 million pounds of food donated—providing an estimated 30 million meals • 60% of sales of products with a social or environmental attribute • >30% of total sales from Organic products; >50% of total fresh produce sales are organic • Completed the transition to LED lighting across our store fleet • Finalized the transition to group-housed pork in our meat department • Released a formal Pollinator Health commitment Sprouts Healthy Communities Foundation: • >$3.3 million invested in hyper-local grants to 550 nonprofit organizations and schools focused on school garden education and health and wellness programs • $10 million in high-impact capacity grants to empower nonprofit organizations to expand program operations 26 Values-Driven Culture Commitment to Community & Planet at Sprouts in 2025

 

Sprouts delivers a unique farmers market experience: bringing together passionate, knowledgeable team members, and the best assortment of high- quality food 27 We Help People Live and Eat Better

 

APPENDIX 28

 

Appendix SPROUTS FARMERS MARKET, INC. AND SUBSIDIARIES NON-GAAP MEASURE RECONCILIATION (UNAUDITED) (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) The following table shows a reconciliation of EBIT to net income for the fiscal years ended December 28, 2025 and January 1, 2023 29 Fifty-Two Weeks ended Fifty-Two Weeks ended Dec 28, 2025 Jan 1, 2023 Net Income $ 523,670 $ 261,164 Income tax provision 165,114 88,149 Interest (income) expense, net (2,626) 9,047 Earnings before interest and taxes (EBIT) 686,158 358,360 EBIT Margin 7.8 % 5.6 %

 

APPENDIX The following table shows a reconciliation of ROIC to net income for the Company’s 2025 and 2022 fiscal years 30 Sprouts Farmers Market, Inc. and Subsidiaries Non-GAAP Measure Reconciliation (In thousands) (Unaudited) 2025 2022 Net income (1) 523.7$ 261.2$ Interest expense, net of tax (2) (2.0)$ 6.8$ Net operating profit after tax (NOPAT) 521.7$ 267.9$ Total rent expense, net of tax (2) 208.4$ 154.6$ Estimated depreciation on operating leases, net of tax (2) (114.9)$ (87.8)$ Estimated interest on operating leases, net of tax (2,3) 93.6$ 66.9$ NOPAT, including effect of operating leases 615.3$ 334.8$ Average working capital 148.3$ 271.6$ Average property and equipment 958.4$ 704.8$ Average other assets 607.2$ 568.6$ Average other liabilities (114.1)$ (96.6)$ Average invested capital 1,599.7$ 1,448.4$ Average operating leases (4) 1,758.6$ 1,259.4$ Average invested capital, including operating leases 3,358.3$ 2,707.8$ ROIC, including operating leases 18.3% 12.4% (1) Net income amounts represent total net income for the past four trailing quarters. (2) Net of tax amounts are calculated using the normalized effective tax rate for the period presented. (3) 2025 & 2022 estimated interest on operating leases is calculated by multiplying operating leases by a 7.0% & 7.1% discount rate, respectively, for each lease recorded as rent expense within direct store expense. (4) 2025 & 2022 average operating leases represents the average net present value of outstanding lease obligations over the past four trailing quarters

 

 

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

6 documents

Press Releases

Other Documents