SFM

EX-99.1

2 sfm-20260927xex991.htm

EX-99.1

Document

Exhibit 99.1

Investor Contact: Media Contact:

Susannah Livingston media@sprouts.com

(602) 682-1584

susannahlivingston@sprouts.com

Sprouts Farmers Market, Inc. Reports Third Quarter 2026 Results

PHOENIX, Ariz. – (Business Wire) – October 28, 2026 – Sprouts Farmers Market, Inc. (Nasdaq: SFM) today reported results for the 13-week third quarter ended September 27, 2026.

“While a challenging consumer environment and the cyclospora disruption affected the quarter, we recognize the need to improve our performance and are taking action to strengthen execution and drive traffic,” said Jack Sinclair, chief executive officer of Sprouts Farmers Market. “We are increasing investments to enhance affordability and deepen customer engagement, while building on the differentiated assortment and experience that define Sprouts. I want to thank our teams for their dedication, including opening a record 15 new stores during the quarter. The strong performance of our recent store vintages and continued momentum in unit growth reinforce our confidence in the significant opportunity ahead for Sprouts.”

Third Quarter Highlights:

•Net sales totaled $2.3 billion, a 5% increase from the same period in 2025

•Comparable store sales of (0.9)%

•Diluted earnings per share of $1.21, compared to diluted earnings per share of $1.22 in the same period in 2025

•Opened 15 new stores, resulting in 504 stores in 25 states as of September 27, 2026

Leverage and Liquidity in Third Quarter 2026

•Ended the quarter with $229 million in cash and cash equivalents and zero balance on our $600 million revolving credit facility

•Repurchased 1.1 million shares of common stock for a total investment of $89 million, excluding excise tax

•Generated cash from operations of $555 million and invested $275 million in capital expenditures, net of landlord reimbursement, year-to-date through September 27, 2026

Fourth Quarter and Full-Year 2026 Outlook

The following provides information on our fourth quarter 2026 outlook (on a 13-week basis):

•Comparable store sales: (2.0)% to (4.0)%

•Diluted earnings per share: $0.47 to $0.51

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 $190 million in sales, $20 million in income before interest and taxes, and $0.16 in diluted earnings per share.

The following provides information on our full year 2026 outlook (on a 52-week basis):

•Net sales growth: ~4.3%

•Comparable store sales: ~(1.7)%

•EBIT: ~$605 million

•Diluted earnings per share: ~$4.80

•Unit growth: 42 net new stores

•Capital expenditures (net of landlord reimbursements): ~$310 million

Third Quarter 2026 Conference Call

Sprouts will hold a conference call at 5:00 p.m. Eastern Time on Wednesday, October 28, 2026, during which Sprouts executives will further discuss third 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 October 28, 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 imp

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