Recent Updates — SFM

Sprouts Farmers Market reported third-quarter results with net sales of $2.3 billion, a 5% increase from the prior year period. Comparable store sales declined by 0.9%, impacted by a challenging consumer environment and a cyclospora disruption. Diluted earnings per share came in at $1.21, slightly down from $1.22 in the same quarter last year. The company opened 15 new stores during the quarter, bringing its total store count to 504 across 25 states. For the fourth quarter of 2026, management expects comparable store sales to decline between 2.0% and 4.0%, with diluted earnings per share projected at $0.47 to $0.51. Sprouts Farmers Market operates as a specialty retailer of fresh, natural, and organic food products in the United States.

James Bahrenburg stepped down from his role as Chief Technology Officer of Sprouts Farmers Market, Inc. on October 12, 2026. His departure was not the result of any disagreement with the Company on any matter relating to its operations, policies or practices. Mr. Bahrenburg will continue to serve as an advisor through March 31, 2027 to support an orderly transition, during which his existing equity awards will continue to vest and he remains eligible for amounts under the cash bonus plan. He is also eligible for severance benefits under the Company’s Amended and Restated Executive Severance and Change in Control Plan. Sprouts Farmers Market operates a chain of natural and organic grocery stores.

Sprouts Farmers Market announced a CEO succession plan effective January 4, 2027. Nick Konat, currently President and COO, will become Chief Executive Officer and join the Board of Directors. Outgoing CEO Jack Sinclair will transition to Executive Chairman. The Board approved compensation for Konat, including an annual base salary increasing from $900,000 to $1,000,000, a target cash bonus of 125% of base salary, and long-term equity incentives valued at 600% of base salary. Sinclair’s new package includes a $900,000 base salary, a 100% bonus target, and 333% equity opportunity. Joseph Fortunato will serve as Lead Independent Director starting on the transition date. The company operates in the specialty grocery retail industry.

Sprouts Farmers Market, Inc. reported second quarter fiscal 2026 results ending June 28, 2026. Net sales increased 5% to $2.3 billion, while diluted earnings per share rose slightly to $1.37 from $1.35 in the prior year period. Comparable store sales declined by 1.0%. The company opened seven new stores, bringing its total footprint to 490 locations across 25 states. Year-to-date through June 28, 2026, Sprouts generated $369 million in operating cash flow and repurchased 0.9 million shares for $70 million. The company provided third quarter 2026 guidance projecting comparable store sales between (0.5)% and 1.5% and diluted EPS of $1.20 to $1.24. Full-year 2026 outlook includes net sales growth of 5.5% to 6.5%, diluted EPS of $5.32 to $5.40, and plans for 42 net new stores. Sprouts Farmers Market operates as a specialty retailer of fresh, natural, and organic food products in the United States.