Sprouts Farmers Market, Inc. · NASDAQ:SFM
Sprouts Farmers Market — Q1 2026 Earnings Presentation
31 slides from Sprouts Farmers Market's earnings presentation, Apr 29, 2026
Slide 1: Sprouts Farmers Market Investor Deck
SPROUTS FARMERS MARKET Investor Deck April 2026
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 that are not statements of historical fact (including, but not limited to, statements to the effect that Sprouts
Slide 3: Our Purpose
OUR PURPOSE We help People Live and Eat Better 3 33
Slide 4: Sprouts' Long-Term Strategy
Sprouts’ Long-Term Strategy Four Strategic Pillars Driving Sustainable Growth No. No. No. 1 2 3 No. 4 WIN WITH DEEPEN CUSTOMER EXPAND STORE BUILD AN TARGET ENGAGEMENT & & MARKET ADVANTAGED CUSTOMERS PERSONALIZATION FOOTPRINT SUPPLY CHAIN • High quality • Deep understanding of • New stores, new • Own
Slide 5: Sprouts Long-Term Strategy Delivers Key Financial Metrics
Sprouts Long-Term Strategy Delivers Key Financial Metrics Sales Earnings Store Strong Growth Growth Expansion ROIC 5
Slide 6: Why Invest in Sprouts?
Why Invest in Sprouts? • Huge potential with health & wellness • Powerful growth opportunity • Healthy financials • Differentiated experience • Strong leadership with values-driven culture 6
Slide 7: Why Invest in Sprouts Farmers Market?
Why Invest in Sprouts Farmers Market? A differentiated, powerful growth business No. 4 No. 3 No. No. 1 2 Powerful Healthy Differentiated Strong Growth Financials Experience; Leadership with Opportunity Structurally improved Health & Wellness Values-Driven Plenty of white space margins Focus Culture
Slide 8: Huge Potential With Health & Wellness Target Customer
Huge Potential With Health & Wellness Target Customer CONSUMERS SPEND $1.6T ON FOOD AT HOME (1) Sprouts’ Target Customers (1) • Focus on natural and organic products (vs. CPG), a fast-growing channel of food at home $290B • Huge opportunity to grow target customer share of wallet • Tailored marketin
Slide 9: Powerful Growth Opportunity
Powerful Growth Opportunity Plenty of white space, potential for 1000+ stores 9
Slide 10: Powerful Growth Opportunity: Advantaged Fresh Supply Chain
Powerful Growth Opportunity Build an Advantaged fresh supply chain Distribution Centers (DCs) within 250 miles of the majority of stores Consolidate Locally sourced: Efficiency: Investing in Network sourcing for Partnerships 80% of forecasting & Expansion: improved Self- with 170 local stores within
Slide 11: Healthy Financials
Healthy Financials Stronger Foundation: Strategic Initiatives Taking Hold(1) NET SALES GROWTH GROSS MARGIN EBIT & EBIT ROIC ($ in mm) MARGIN ($ in mm) $8,806 18.3% 38.8% $686 $6,404 12.4% 36.7% $358 2022 2025 2022 2025 2022 2025 2022 2025 (1) See the Appendix to this presentation for a reconciliatio
Slide 12: Diluted Earnings per Share Growing
Healthy Financials Diluted Earnings per Share Growing $5.31 $2.39 2022 2025 12
Slide 13: Strong Balance Sheet, Robust Cash Flows
Healthy Financials Strong Balance Sheet, Robust Cash Flows Self-fund growth and deliver shareholder value with ongoing share repurchases ($ in mm) (1) (2) 1. Capital expenditures are net of landlord reimbursement 2. Excluding excise tax 13
Slide 14: Strong Four Wall Target Box Economics
Healthy Financials Strong four wall target box economics(1); Robust new store performance SALES • Box opens on average at $13M in year 1 annual sales • Grows 20% to 25% over next the next 4 years EBITDA MARGINS • Break even year 1 • Grows to a blended ~8% EBITDA Margins over the next 4 years CASH IN
Slide 15: Long-term Strategic Financial Targets
Healthy Financials: Long-term Strategic Financial Targets(1) ~10%-unit Attractive Low single Stable EBIT growth(2) New Store digit comps Margins off a Economics Higher Base Low double-digit earnings growth and strong ROIC (1) These are targets and not projections; they are subject to significant bus
Slide 16: Low Single-digit Comps Targets & Stable EBIT Margins
HEALTHY FINANCIALS Low Single-digit Comps Targets & Stable EBIT Margins(1) KEY COMP DRIVERS • Tailored marketing • Innovative, differentiated products • Omnichannel offering • Customer engagement • New store comp tailwind – partially offset by cannibalization MARGIN STABILITY + Supply chain optimiza
Slide 17: Differentiated Store Experience
Differentiated Store Experience Farmer’s market Knowledgeable Produce at the Increasingly Intersection of feel: small size, & friendly team heart of the locally sourced health and low profile members store fresh produce affordability 17
Slide 18: Differentiated Experience: Innovation via Foraging
Differentiated Experience Innovation via foraging • >7,000 new items introduced in 2025 • Foraging Finds showcases new items monthly 18 18
Slide 19: Differentiated Offering: Sprouts Brand
Differentiated Offering High quality Sprouts Brand: Over $2B In Sales Sprouts Brand Sales Penetration(1) 26% 23% 19% 20% 2022 2023 2024 2025 • $2.3B in sales of Sprouts Brand Products in 2025: up +33% from $1.7B in 2024n 5) • >600 Sprouts Brand products launched in 2025 (1) Sprouts Brand Sales Penet
Slide 20: Over 70% of Products Sold Are Attribute-Driven
Differentiated Experience: >70% of products sold are attribute-driven Department Highlights: • >30% of products sold are organic • >50% of Produce is organic • >50% of Dairy is organic • >30% of Bakery is non-GMO • >21% of Meat is grass-fed; 50% of beef is grass-fed • 100% of Seafood is responsibly-
Slide 21: Health & Wellness Focus: Target Customer
Health & Wellness Focus: Target Customer Demographics: Consumer who craves health & wellness • Stronger interest in organics, fresh, less processed foods, sustainability • Seeks high quality, lifestyle-friendly products, & differentiated assortment; pays greater attention to labels • Willing to make
Slide 22: Health & Wellness Focus: Opportunity for Further Engagement
Health & Wellness Focus: Opportunity for Further Engagement 2024 • Healthy sign-ups: fast adoption of loyalty program • Customers love shopping at Sprouts - they have unique needs and want differentiated products • Gathering more data allows us to better understand and serve our target customers: •
Slide 23: Strong Leadership with Values-Driven Culture
Strong Leadership with Values-Driven Culture Executive Management Team with Leading Grocery & Retail Experience Jack Curtis Valentine Nick Amanda Rassi Sinclair Chief Financial Konat Chief Customer Chief Officer President & Chief Officer Executive since 2024 (joined Operating Officer since 2026 Offi
Slide 24: Creating a Talent Engine to Support our Growth
Creating a Talent Engine to Support our Growth In 2025: • 3,700 New jobs created • 68,735 Leadership training hours delivered • >$21/hr Average pay rate for store team members • ~60% Store Manager positions filled with internal candidates 24
Slide 25: Three Simple Values at the Heart of our Strong Culture
Three Simple Values at the Heart of our Strong Culture WE CARE WE LOVE BEING WE OWN IT DIFFERENT • $31M in bonuses paid to field team members • $26M in savings for team members with store discount 25
Slide 26: Values-Driven Culture: Commitment to Community & Planet
• 36 million pounds of food donated—providing an Values-Driven Culture estimated 30 million meals Commitment to Community • 60% of sales of products with a social or environmental attribute & Planet at Sprouts in 2025 • >30% of total sales from Organic products; >50% of total fresh produce sales are
Slide 27: We Help People Live and Eat Better
We Help People Live and Eat Better Sprouts delivers a unique farmers market experience: bringing together passionate, knowledgeable team members, and the best assortment of high- 27 quality food
Slide 28: Appendix
APPENDIX 28
Slide 29: Reconciliation of EBIT to Net Income
Appendix The following table shows a reconciliation of EBIT to net income for the fiscal years ended December 28, 2025 and January 1, 2023 SPROUTS FARMERS MARKET, INC. AND SUBSIDIARIES NON-GAAP MEASURE RECONCILIATION (UNAUDITED) (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) Fifty-Two Weeks ended Fifty-Tw
Slide 30: Reconciliation of ROIC to Net Income
APPENDIX The following table shows a reconciliation of ROIC to net income for the Company’s 2025 and 2022 fiscal years Sprouts Farmers Market, Inc. and Subsidiaries Non-GAAP Measure Reconciliation (In thousands) (Unaudited) 2025 2022 Net income (1) $ 523.7 $ 261.2 Interest expense, net of tax (2) $
Slide 31: Thank You!
Sprouts Farmers Market — Q1 2026 Earnings Presentation on 6ix