Sprouts Farmers Market, Inc. · NASDAQ:SFM
Sprouts Farmers Market — Investor Presentation (April 2026)
31 slides from Sprouts Farmers Market's investor presentation, Apr 29, 2026
Slide 1: Sprouts Farmers Market Investor Deck April 2026
SPROUTS FARMERS MARKET Investor Deck April 2026 Exhibit 99.3
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: We Help People Live and Eat Better
OUR PURPOSE We help People Live and Eat Better 3 3 3
Slide 4: Sprouts' Long-Term Strategy: Four Strategic Pillars
WIN WITH TARGET CUSTOMERS Sprouts’ Long-Term Strategy Four Strategic Pillars Driving Sustainable Growth No. 1 No. 2 No. 3 No. 4 DEEPEN CUSTOMER ENGAGEMENT & PERSONALIZATION BUILD AN ADVANTAGED SUPPLY CHAIN EXPAND STORE & MARKET FOOTPRINT • High quality attribute-led assortment • Innovation leader •
Slide 5: Long-Term Strategy Delivers Key Financial Metrics
Sales Growth Earnings Growth Store Expansion Strong ROIC Sprouts Long-Term Strategy Delivers Key Financial Metrics 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?
Powerful Growth Opportunity Plenty of white space Advantaged supply chain Why Invest in Sprouts Farmers Market? A differentiated, powerful growth business No. 1 No. 2 No. 3 No. 4 Healthy Financials Structurally improved margins Strong ROIC Robust cash flow Strong box economics Strong Leadership with
Slide 8: Huge Potential With Health & Wellness Target Customer
8 • Focus on natural and organic products (vs. CPG), a fast-growing channel of food at home • Huge opportunity to grow target customer share of wallet • Tailored marketing highlighting health and affordability • Innovation center with latest healthy trends • Revamped site selection model finding opt
Slide 9: Powerful Growth Opportunity: Plenty of White Space
Powerful Growth Opportunity Plenty of white space, potential for 1000+ stores 9
Slide 10: Build an Advantaged Fresh Supply Chain
Powerful Growth Opportunity Build an Advantaged fresh supply chain Distribution Centers (DCs) within 250 miles of the majority of stores Investing in forecasting & replenishment systems to scale & grow Locally sourced: Partnerships with 170 local farmers; 17% of total produce sales Efficiency: 80% o
Slide 11: Healthy Financials: Stronger Foundation
36.7% 38.8% 2022 2025 Healthy Financials Stronger Foundation: Strategic Initiatives Taking Hold(1) NET SALES GROWTH (1) See the Appendix to this presentation for a reconciliation of EBIT to net income and a reconciliation of ROIC to net income. ROIC is a non-GAAP measure defined as net operation pro
Slide 12: Diluted Earnings per Share Growing
Healthy Financials Diluted Earnings per Share Growing $2.39 $5.31 2022 2025 12
Slide 13: Strong Balance Sheet, Robust Cash Flows
Healthy Financials Strong Balance Sheet, Robust Cash Flows ($ in mm) 1. Capital expenditures are net of landlord reimbursement 2. Excluding excise tax Self-fund growth and deliver shareholder value with ongoing share repurchases (1) (2) 13
Slide 14: New Store Economics
EBITDA MARGINS • Break even year 1 • Grows to a blended ~8% EBITDA Margins over the next 4 years CASH INVESTMENT • $3.8M average new store build including CapEx, Inventory and Pre- opening expenses 1. These are targets and not projections; they are subject to significant business, economic and compe
Slide 15: Long-term Strategic Financial Targets
Attractive New Store Economics ~10%-unit growth(2) Low single digit comps Stable EBIT Margins off a Higher Base (1) These are targets and not projections; they are subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of the C
Slide 16: Key Comp and Margin Drivers
(1) These are targets and not projections; they are subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of the Company and its management, and are based on assumptions with respect to future decisions, which may be subject t
Slide 17: Differentiated Store Experience
Increasingly locally sourced fresh produce Knowledgeable & friendly team members Produce at the heart of the store Farmer’s market feel: small size, low profile Intersection of health and affordability Differentiated Store Experience 17
Slide 18: Innovation via Foraging
Differentiated Experience Innovation via foraging 18 • >7,000 new items introduced in 2025 • Foraging Finds showcases new items monthly 18
Slide 19: Sprouts Brand: Over $2B in Sales
Sprouts Brand Sales Penetration(1) • $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 Penetration represents sales of Sprouts Brand products, as a percentage of total company sales. 19 Differentiat
Slide 20: Over 70% of Products Sold Are Attribute-Driven
20 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 responsib
Slide 21: Target Customer Demographics
• 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 more of an effort (to drive farther or to make an additional trip) to get the items that mee
Slide 22: Opportunity for Further Engagement
• 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: • Personalized experience • Product recommendation (hyper relevant)
Slide 23: Executive Management Team
23 Strong Leadership with Values-Driven Culture Executive Management Team with Leading Grocery & Retail Experience Jack Sinclair Chief Executive Officer since 2019 Curtis Valentine Chief Financial Officer since 2024 (joined SFM in 2015) Don Clark Chief Merchandising Officer since 2026 Dustin Hamilto
Slide 24: 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 Creating a Talent Engine to Support our Growth
Slide 25: Three Simple Values at the Heart of Our Culture
• $31M in bonuses paid to field team members • $26M in savings for team members with store discount WE CARE WE OWN ITWE LOVE BEING DIFFERENT 25 Three Simple Values at the Heart of our Strong Culture
Slide 26: Commitment to Community & Planet in 2025
• 36 million pounds of food donated—providing an estimated 30 million meals • 60% of sales of products with a social or environmental attribute • >30% of total sales from Organic products; >50% of total fresh produce sales are organic • Completed the transition to LED lighting across our store fleet
Slide 27: We Help People Live and Eat Better
Sprouts delivers a unique farmers market experience: bringing together passionate, knowledgeable team members, and the best assortment of high- quality food 27 We Help People Live and Eat Better
Slide 28: Appendix
APPENDIX 28
Slide 29: Non-GAAP Reconciliation: EBIT to Net Income
Appendix SPROUTS FARMERS MARKET, INC. AND SUBSIDIARIES NON-GAAP MEASURE RECONCILIATION (UNAUDITED) (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) The following table shows a reconciliation of EBIT to net income for the fiscal years ended December 28, 2025 and January 1, 2023 29 Fifty-Two Weeks endedFifty-
Slide 30: Non-GAAP Reconciliation: ROIC to Net Income
APPENDIX The following table shows a reconciliation of ROIC to net income for the Company’s 2025 and 2022 fiscal years 30 Sprouts Farmers Market, Inc. and Subsidiaries Non-GAAP Measure Reconciliation (In thousands) (Unaudited) 2025 2022 Net income (1) 523.7$ 261.2$ Interest expense, net of tax (2) (
Slide 31: Thank You!
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