Business
Sprouts Farmers Market, Inc. Reports First Quarter 2025 Results
PHOENIX--(BUSINESS WIRE)-- Sprouts Farmers Market, Inc. (Nasdaq: SFM) today reported results for the 13-week first quarter ended March 30, 2025. “We are
About this update from Sprouts Farmers Market, Inc.
[{"type":"text","content":" PHOENIX--(BUSINESS WIRE)--\nSprouts Farmers Market, Inc. (Nasdaq: SFM) today reported results for the 13-week first quarter ended March 30, 2025.\n\n“We are delighted with Sprouts’ strong start to 2025,” said Jack Sinclair, chief executive officer of Sprouts Farmers Market. “These results highlight the effectiveness of our differentiated strategy and excellent execution. Our team members bring knowledge and passion for healthy eating to our core customers every day, and we remain confident in our strategy as we navigate this current environment.”\n\nFirst Quarter Highlights:\n\n\nNet sales totaled $2.2 billion; a 19% increase from the same period in 2024\n\n\nComparable store sales growth of 11.7%\n\n\nDiluted earnings per share of $1.81; compared to diluted earnings per share of $1.12\n\n\nOpened 3 new stores, resulting in 443 stores in 24 states as of March 30, 2025\n\n\nLeverage and Liquidity in First Quarter 2025\n\n\nEnded the quarter with $286 million in cash and cash equivalents and zero balance on its $700 million revolving credit facility\n\n\nRepurchased 1.6 million shares of common stock for a total investment of $219 million, excluding excise tax\n\n\nGenerated cash from operations of $299 million and invested $49 million in capital expenditures, net of landlord reimbursement, year-to-date thru March 30, 2025\n\n\nSecond Quarter and Full-Year 2025 Outlook\n\nThe following provides information on our second quarter 2025 outlook:\n\n\nComparable store sales growth: 6.5% to 8.5%\n\n\nDiluted earnings per share: $1.19 to $1.23\n\n\nThe following provides information on our full-year 2025 outlook:\n\n\nNet sales growth: 12.0% to 14.0%\n\n\nComparable store sales growth: 5.5% to 7.5%\n\n\nEBIT: $640 million to $660 million\n\n\nDiluted earnings per share: $4.94 to $5.10\n\n\nUnit growth: At least 35 new stores\n\n\nCapital expenditures (net of landlord reimbursements): $230 million to $250 million\n\n\nFirst Quarter 2025 Conference Call\n\nSprouts will hold a conference call at 5:00 p.m. Eastern Time on Wednesday, April 30, 2025, during which Sprouts executives will further discuss first quarter 2025 financial results.\n\nA 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 pr...