Sprouts Farmers Market, Inc. · NASDAQ:SFM
Sprouts Farmers Market — Q1 2022 Earnings Presentation
9 slides from Sprouts Farmers Market's earnings presentation, May 4, 2022
Slide 1: Q1 2022 Earnings
Q1 2022 Earnings May 2022 Exhibit 99.2
Slide 2: Forward-Looking Statements
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 (including, but not limited to, statements to the effect that Sprouts Farmers Market, Inc. (the “Company”) or its
Slide 3: Q1 2022 Highlights
Q1 2022 Highlights Net Sales +4% Comps (1) +1.6% Diluted EPS $0.79 New Stores 6 Cash Generation $153M New Share Repurchase Program $600M Comparable Store Sales
Slide 4: First Quarter Sales Highlights
First Quarter Sales Highlights Continued strength in convenient deli meals created by our in-house chef Differentiated departments like Grocery, Dairy, Bakery continue to see year over year growth Vitamins benefited from immunity boosting products during the cold and flu season Keeping shelves stock
Slide 5: Maintaining a Structurally Improved Margin Profile
Maintaining a Structurally Improved Margin Profile 5 ($ in mm) ADJUSTED EBIT & Adjusted EBIT Margin(1) See the Appendix to this presentation for a reconciliation of EBIT to adjusted EBIT – for 2021 and 2022, adjustments to EBIT were immaterial; thus, only EBIT is presented.
Slide 6: Driving Shareholder Value Through An Ongoing Share Repurchase Program
From 2015 through Q1, 2022: Repurchased 52 million shares Reduced shares outstanding 34% Purchased $1.2B to date $566M remaining on our share repurchase authorization* $0 Total Annual Share Repurchase Driving Shareholder Value Through An Ongoing Share Repurchase Program ($ in mm) * As of April 3, 20
Slide 7: 2022 Outlook
2022 Outlook 15-20 new stores Capex $150M to $170M Second Quarter, 2022 – comparable sales should be close to flat and EPS - $0.49 to $0.53 For the full-year 2022 we expect total sales growth, comparable store sales growth and earnings per share to be at the low end of the outlook we provided during
Slide 8: Appendix
Appendix
Slide 9: Non-GAAP Measure Reconciliation
SPROUTS FARMERS MARKET, INC. AND SUBSIDIARIES NON-GAAP MEASURE RECONCILIATION (UNAUDITED) (IN THOUSANDS) The following table shows a reconciliation of EBIT and adjusted EBIT to net income, as well as a reconciliation of net income and diluted earnings per share to adjusted net income and adjusted di
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