Sprouts Farmers Market, Inc. · NASDAQ:SFM
Sprouts Farmers Market — Q1 2025 Earnings Presentation
11 slides from Sprouts Farmers Market's earnings presentation, Apr 30, 2025
Slide 1: Sprouts Farmers Market Q1 2025 Earnings Deck
Sprouts Farmers Market Q1 2025 Earnings Deck April 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: First Quarter 2025 Highlights
First Quarter 2025 Highlights Net Sales +19% (1) Comps +11.7% New Store Openings 3 Diluted EPS $1.81 (2) EPS Growth +62% Cash Generation $299M (3) Share Repurchases $219M 1. Comparable Store Sales 2. Reflects comparison of Q1 25 diluted EPS to Q1 24 diluted EPS 3. Excluding excise tax 3
Slide 4: First Quarter Sales Drivers
First Quarter Sales Drivers • Balanced performance across categories, channels and geographies • Compelling comparable sales in recent vintages • Strong brick & mortar traffic • E-commerce growth across all partners • Strong performance in vitamins from harsh cold and flu season • Tailwinds from hea
Slide 5: Structurally Improved Margin Profile
Structurally Improved Margin Profile (1) GROSS MARGIN % EBIT & EBIT MARGIN % 10.1% 39.6% $226 37.3% 37.5% 38.3% 7.9% 7.9% 7.3% $148 $137 $120 Q1 22 Q1 23 Q1 24 Q1 25 Q1 22 Q1 23 Q1 24 Q1 25 (1) Q1 23 EBIT and EBIT margin are presented on an adjusted basis. See the Appendix to this presentation for a
Slide 6: Target Customer Focus - Huge Opportunity
Target Customer Focus - Huge Opportunity 6
Slide 7: Strong Balance Sheet, Robust Cash Flows
Strong Balance Sheet, Robust Cash Flows Self Fund our Growth and Deliver Shareholder Value Through Ongoing Share Repurchase ($ in mm) $299 $220 $180 $153 $219 $98 $60 $46 $45 $46 $49 $22 Q1 22 Q1 23 Q1 24 Q1 25 Cap Ex Share Repurchase Operating Cash Flow 1. Capital expenditures are net of landlord r
Slide 8: Full-Year 2025 Outlook
Full-Year 2025 Outlook Total sales growth of 12.0% to 14.0% Comp sales growth of 5.5% to 7.5% Expect to open at least 35 new stores Earnings before interest & taxes (EBIT) $640 million to $660 million Diluted earnings per share (EPS) $4.94 to $5.10 Capex (net of landlord reimbursement) $230 million
Slide 9: Appendix
Appendix O
Slide 10: Appendix: Non-GAAP Measure Reconciliation
Appendix The following table shows a reconciliation of 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 share for the fiscal years ended March 3
Slide 11: Thank You!
Sprouts Farmers Market — Q1 2025 Earnings Presentation on 6ix