Sprouts Farmers Market, Inc. · NASDAQ:SFM
Sprouts Farmers Market — Q1 2021 Earnings Presentation
14 slides from Sprouts Farmers Market's earnings presentation, May 6, 2021
Slide 1: Q1 2021 Earnings
Q1 2021 Earnings May 2021 Exhibit 99.2
Slide 2: Forward-Looking Statements
2 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 i
Slide 3: Jack Sinclair, CEO
3 Jack Sinclair CEO
Slide 4: Differentiated Product Assortment Focused on Attributes
4 Differentiated Product Assortment Focused on Attributes Attribute led product offering continues to drive revenue Establishing partnerships with natural and organic vendor community to be first to market with their new products
Slide 5: New Aurora, CO Distribution Center Supports our Growth Strategy
5 5 New Aurora, CO Distribution Center Supports our Growth Strategy Focused on Fresh, Local and Organic Offerings We are creating an advantaged fresh supply chain with distribution centers within 250 miles of the majority of our stores Meet our Local Farmer Partners
Slide 6: ESG activities are improving our bottom line and the planet
6 ESG activities are improving our bottom line and the planet! Transitioned 100% of pork supply to be sourced from suppliers that utilize open-pen or group-housed facilities Safe, Healthy Food and Responsible Sourcing Environment & Climate overall landfill diversion rate by repurposing and recycling
Slide 7: We put customers, team members, and local communities first
7 We put customers, team members, and local communities first! Awarded $1.6 million in grants and donations to programs supporting youth nutrition education and academic support, and food system equity Supported an estimated 350,000 students with nutrition programs, taught virtually, during school c
Slide 8: Denise Paulonis, CFO
8 Denise Paulonis CFO
Slide 9: Ongoing Strategic Changes are Producing Solid Financials
NET SALES $1.6B ADJUSTED DILUTED Earnings Per Share $0.70 9 Ongoing Strategic Changes are Producing Solid Financials 9 ($ in mm) (1) See the Appendix to this presentation for a reconciliation of adjusted diluted EPS to net income
Slide 10: Structurally Improved Margin Profile
10 Structurally Improved Margin Profile 10 ADJUSTED EBIT & Adjusted EBIT Margin (1) See the Appendix to this presentation for a reconciliation of EBIT to adjusted EBIT. For 2017, adjustments to EBIT were immaterial; thus only EBIT is presented.
Slide 11: Ecommerce Sales Remain Elevated as Customers Rely on Home Delivery and Pick-up
11 Ecommerce Sales Remain Elevated as Customers have Continued to Rely on Home Delivery and Pick-up Ecommerce Penetration Customers can now shop how they like – In-Store, Pick-up, or Delivery
Slide 12: 2021 Outlook
12 2021 Outlook 12 Flat to Up Slightly Sales Growth Approximately 20 New Stores Down Low to Mid Single Digit Comps Adjusted EBIT $305M to $325M Adjusted EPS $1.87 to $2.00 Capex $140M to $160M Approximately 25% Corporate Tax Rate
Slide 13: Appendix
13 Appendix
Slide 14: Non-GAAP Measure Reconciliation
14 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
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