Quarterly ResultApr 29, 2026, 04:39 PM
SFM Q1 Net Sales +4.15% to $2.33B; Net Income -9.06% to $163.7M
AI Summary
Sprouts Farmers Market, Inc. reported Q1 2026 net sales of $2.33 billion, a 4.15% increase year-over-year. However, net income decreased by 9.06% to $163.7 million, with diluted EPS falling to $1.71 from $1.81. The company continued its share repurchase program, buying back $141.1 million in common stock during the quarter, and has $696.0 million remaining under its $1 billion authorization. SFM also disclosed ongoing legal proceedings and significant investment in a new corporate headquarters.
Key Highlights
- Q1 2026 Net Sales increased 4.15% to $2.33 billion.
- Q1 2026 Net Income decreased 9.06% to $163.7 million.
- Q1 2026 Diluted EPS was $1.71, down from $1.81 YoY.
- Repurchased $141.1 million of common stock in Q1 2026.
- $696.0 million remains under the $1 billion share repurchase authorization.
- Operating cash flows decreased 21.33% to $235.3 million.
- Invested $101.2 million in property and equipment, up 70.1% YoY.
- Perishable sales were $1.32 billion, Non-Perishable sales $1.01 billion.