Sprouts Farmers Market, Inc. · NASDAQ:SFM
Sprouts Farmers Market — Q3 2022 Earnings Presentation
11 slides from Sprouts Farmers Market's earnings presentation, Nov 8, 2022
Slide 1: Q3 2022 Earnings
Q3 2022 Earnings November 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: Q3 2022 Highlights
Q3 2022 Highlights Net Sales +5% Comps (1) +2.4% Diluted EPS $0.61 New Stores 1 Cash Generation $98M From Operations Share Repurchases $44M Comparable Store Sales
Slide 4: Third Quarter Sales Drivers
Third Quarter Sales Drivers Continued strength in convenient deli grab and go meals Differentiated departments like Dairy, Bakery and Frozen continue to see year over year growth Ecommerce grew 19% and remains elevated
Slide 5: Ecommerce Remains Here to Stay; Adding DoorDash Marketplace to our Omni Channel
Ecommerce Remains Here to Stay; Adding DoorDash Marketplace to our Omni Channel In store Pick-up & Delivery available to all customers in all stores & markets Ecommerce Penetration 50% of online orders can be identified to a customer
Slide 6: How We Innovate in Produce
How We Innovate in Produce 50 Research and choose ‘Seek out Universities and Work with local and Build a go-to-market Focus Categories that Private Genetic companies national grower partners strategy on educating and need to evolve or are on for new varietals and ‘on partnering in promoting each var
Slide 7: Maintaining a Structurally Improved Margin Profile
Maintaining a Structurally Improved Margin Profile 7 ($ 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 8: Driving Shareholder Value Through An Ongoing Share Repurchase Program
From 2015 through Q3, 2022: Repurchased 56 million shares Reduced shares outstanding 36% Purchased $1.3B to date $457M remaining on our share repurchase authorization* $0 Total Annual Share Repurchase Driving Shareholder Value Through An Ongoing Share Repurchase Program ($ in mm) * As of Oct 2, 2022
Slide 9: 2022 Outlook
2022 Outlook 16 new stores Capex $120M to $135M Fourth Quarter, 2022: Comparable sales growth expected to be approximately 2% and EPS $0.35 to $0.39 Total sales growth between 4.5% and 5% Comp sales growth of approximately 2% Earnings per share (EPS) $2.32 to $2.36
Slide 10: Appendix
Appendix
Slide 11: 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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