Sprouts Farmers Market, Inc. · NASDAQ:SFM
Sprouts Farmers Market — Q4 2024 Earnings Presentation
11 slides from Sprouts Farmers Market's earnings presentation, Feb 20, 2025
Slide 1: Q4 & Full-Year 2024 Earnings
Exhibit 99.2 Q4 & Full-Year 2024 Earnings February 2025
Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures
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
Slide 3: Sprouts 2024 Accomplishments
Sprouts 2024 Accomplishments • Opened 33 new stores, creating ~3,300 new jobs and expanded our footprint to our 24th state - Wyoming • Sprouts Brand grew to 23% of sales in 2024 and added ~300 new items • Accelerating comp and traffic • Cross functional teamwork led to top-notch execution of merchan
Slide 4: Fourth Quarter 2024 Highlights
Fourth Quarter 2024 Highlights Net Sales +18% Comps(1) +11.5% New Store Openings 12 Diluted EPS $0.79 EPS Growth(2) +61% Share Repurchases(3) $109M (1) Comparable Store Sales (2) Reflects comparison of Q4 24 diluted EPS to Q4 23 adjusted diluted EPS (3) Excluding excise tax 4
Slide 5: Fourth Quarter Sales Drivers
Fourth Quarter Sales Drivers • Comp performance broad-based and balance across channels, geography, baskets and traffic • Strong performance across all categories - with attribute-driven products leading the way • Foraging Team driving innovative and trending products, in both branded and Sprouts Br
Slide 6: Full-Year 2024 Highlights
Full-Year 2024 Highlights Net Sales +13% Comps(1) +7.6% New Store Openings 33 Diluted EPS $3.75 EPS Growth(2) +32% Cash Generation $645M From Operations Share Repurchases(3) $238M (1) Comparable Store Sales (2) Reflects comparison of 2024 diluted EPS to 2023 adjusted diluted EPS (3) Excluding excise
Slide 7: Structurally Improved Margin Profile
Structurally Improved Margin Profile GROSS MARGIN % (1) EBIT & EBIT MARGIN % (2) ($ in mm) 36.7% 36.9% 38.1% 6.5% 5.6% 5.8% 33.6% 3.9% $504 $396 $358 $218 2019 2022 2023 2024 2019 2022 2023 2024 (1) 2023 gross margin is on an adjusted basis. See the Appendix to this presentation for a reconciliation
Slide 8: Strong Balance Sheet, Robust Cash Flows
Strong Balance Sheet, Robust Cash Flows Self Fund our Growth and Deliver Shareholder Value through Ongoing Share Repurchase Program ($ in mm) $645 $465 $365 $371 $203 $238 $200 $188 $213 $200 $81 $112 2021 2022 2023 2024 (1) (2) Cap Ex Share Repurchase Operating Cash Flow (1) Capital expenditures ar
Slide 9: Full-Year 2025 Outlook
Full-Year 2025 Outlook Total sales growth of 10.5% to 12.5% Comp sales growth of 4.5% to 6.5% Expect to open at least 35 new stores Adjusted earnings before interest & taxes (EBIT) $590 million to $610 million Adjusted diluted earnings per share (EPS) $4.52 to $4.68 Capex (net of landlord reimbursem
Slide 10: Appendix
Appendix 10
Slide 11: Non-GAAP Measure Reconciliation (Unaudited)
Appendix The following table shows a reconciliation of adjusted gross margin to gross margin, 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 s
Sprouts Farmers Market — Q4 2024 Earnings Presentation on 6ix