Sprouts Farmers Market, Inc. · NASDAQ:SFM
Sprouts Farmers Market — Q4 2022 Earnings Presentation
12 slides from Sprouts Farmers Market's earnings presentation, Mar 2, 2023
Slide 1: Q4 & Full-Year 2022 Earnings
Q4 & Full-Year 2022 Earnings March 2023 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: Sprouts 2022 Accomplishments
Sprouts 2022 Accomplishments Sprouts Brand reached $1billion in sales Opened 16 new stores, with 9 in the new format Launched approximately 8,400 differentiated products Increased sales of local produce by over 100% Diluted EPS up 14% Created 1,600 new jobs, promoted 24% of our team members, and fil
Slide 4: Q4 2022 Highlights
Q4 2022 Highlights Net Sales +6% Comps (1) +2.9% Diluted EPS $0.42 Diluted EPS Growth 31% New Stores 7 Cash Generation $65M From Operations Share Repurchases $45M Comparable Store Sales
Slide 5: Fourth Quarter Sales Drivers
Fourth Quarter Sales Drivers Continued strength in convenient deli grab-and-go meals Differentiated departments (e.g. Dairy, Bakery, and Frozen) continue to see year-over-year growth Ecommerce grew 17% and remains elevated
Slide 6: 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 Ecommerce Penetration 50% of online orders can be identified to a customer
Slide 7: Full-Year 2022 Highlights
Full-Year 2022 Highlights Net Sales +5% Comps (1) +2.2% Diluted EPS $2.39 EPS Growth 14% New Stores 16 Cash Generation $371M From Operations Share Repurchases $200M Comparable Store Sales
Slide 8: Maintaining a Structurally Improved Margin Profile
Maintaining a Structurally Improved Margin Profile 8 ($ in mm) (2) 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. 2020 is presented on
Slide 9: Driving Shareholder Value Through An Ongoing Share Repurchase Program
From 2015 through 2022: Repurchased 57 million shares Reduced shares outstanding by 37% $412M remaining on our share repurchase authorization* $0 Total Annual Share Repurchase Driving Shareholder Value Through An Ongoing Share Repurchase Program ($ in mm) * As of Jan 1, 2023
Slide 10: Full-Year 2023 Outlook
Full-Year 2023 Outlook Approximately 30 new stores, closing 11 Capex $210M to $230M First Quarter, 2023: Comparable sales growth between 1.5% and 2.5% and Adjusted EPS $0.83 to $0.87 Total sales growth between 4% and 6% Comp sales growth in the low single digits Adjusted earnings before interest & t
Slide 11: Appendix
Appendix
Slide 12: 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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