Jun 2026 (Q2 FY26) — Jul 29, 2026
Sprouts Farmers Market Q2 FY26 — Strong New Store Performance and E-commerce Growth Amidst Challenging Consumer Environment
Read the full callSprouts Farmers Market (SFM) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Sprouts Farmers Market earnings: last reported Wed, 29 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 2,326 | +4.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 7.5 | −0.6 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 129 | −3.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
30 of 32 judged targets kept · 18 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Comparable store sales guidance | negative 2% to 0% | Mar 2026 | This growth was driven by strong new store performance, partially offset by a 1% decline in comparable store sales. | Achieved |
| Full-year capital expenditures, net of landlord reimbursements | $280 million to $310 million | Dec 2025 | we expect capital expenditures net of landlord reimbursements to be approximately $310 million | Revised Down |
| Full-year comparable store sales (52-week basis) | negative 1% to positive 1% | Dec 2025 | For the full year, on a 52-week basis, our outlook for total sales growth is between 5.5% to 6.5%, with comp sales between negative 0.5% to positive 0.5%. | On Track |
2 of Sprouts Farmers Market, Inc.'s 50 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 47 more targets are in the full ledger.
Claimed
- Total sales grew 5% to $2.3 billion, driven by strong new store performance.
- E-commerce sales grew over 12% and represented approximately 16% of total quarterly sales.
- Sprouts brand continued to outperform the rest of the business, representing 26% of total sales.
- Opened 7 new stores, ending the quarter with 490 stores, with a robust pipeline of over 110 executed leases and 155 approved new stores.
- Generated $369 million in operating cash flow year-to-date, enabling self-funding of investments.
Qualified
- Comparable store sales declined 1% in Q2 FY26, with June being the lowest comp of the quarter.
- Gross margin decreased 12 basis points year-over-year to 38.7% due to loyalty investment and elevated fuel costs.
- SG&A deleveraged by 30 basis points due to fixed cost deleverage from lower comparable store sales and business investments.
- Diluted EPS growth was only 1% year-over-year, reaching $1.37.
- The consumer environment remained challenging, with customers making thoughtful choices and managing units in the basket.
Price
$65.2 −2.15% · −$1.43
Performance −42.9% 1Y
1Y: $114.12 on 15 Oct 2025 → $65.2. High $114.12 (15 Oct 2025), low $62.49 (25 Sept 2026).
- Previous close
- $66.63
- 52-week range
- $62.49 – $114.12
- One year
- −41.55%
Overview
- Symbol
- SFM
- Sector
- Consumer Staples
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
30 of 32 judged targets kept · 18 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Comparable store sales guidance | negative 2% to 0% | Mar 2026 | This growth was driven by strong new store performance, partially offset by a 1% decline in comparable store sales. | Achieved |
| Full-year capital expenditures, net of landlord reimbursements | $280 million to $310 million | Dec 2025 | we expect capital expenditures net of landlord reimbursements to be approximately $310 million | Revised Down |
| Full-year comparable store sales (52-week basis) | negative 1% to positive 1% | Dec 2025 | For the full year, on a 52-week basis, our outlook for total sales growth is between 5.5% to 6.5%, with comp sales between negative 0.5% to positive 0.5%. | On Track |
Claimed
- Total sales grew 5% to $2.3 billion, driven by strong new store performance.
- E-commerce sales grew over 12% and represented approximately 16% of total quarterly sales.
- Sprouts brand continued to outperform the rest of the business, representing 26% of total sales.
- Opened 7 new stores, ending the quarter with 490 stores, with a robust pipeline of over 110 executed leases and 155 approved new stores.
- Generated $369 million in operating cash flow year-to-date, enabling self-funding of investments.
Qualified
- Comparable store sales declined 1% in Q2 FY26, with June being the lowest comp of the quarter.
- Gross margin decreased 12 basis points year-over-year to 38.7% due to loyalty investment and elevated fuel costs.
- SG&A deleveraged by 30 basis points due to fixed cost deleverage from lower comparable store sales and business investments.
- Diluted EPS growth was only 1% year-over-year, reaching $1.37.
- The consumer environment remained challenging, with customers making thoughtful choices and managing units in the basket.
The full ledger
Open Sprouts Farmers Market, Inc.’s full ledger
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Call summaries
Mar 2026 (Q1 FY26) — Apr 29, 2026
Sprouts Farmers Market Q1 FY26 — New Store Performance and Loyalty Investment
Read the full callEvery analysed call
Sprouts Farmers Market earnings calls (SFM)
Financials
What the filings say
Net profit, year on year: −3% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,946 | 1,996 | 2,236 | 2,221 | 2,200 | 2,149 | 2,329 | 2,326 |
| Operating profit | 122 | 106 | 226 | 179 | 157 | 123 | 215 | 174 |
| Operating margin | 6.3% | 5.3% | 10.1% | 8.1% | 7.2% | 5.7% | 9.2% | 7.5% |
| Profit before tax | 124 | 108 | 227 | 180 | 158 | 124 | 215 | 174 |
| Tax rate | 25.8% | 26.5% | 20.8% | 25.6% | 24.0% | 27.4% | 24.0% | 25.8% |
| Net profit | 92 | 80 | 180 | 134 | 120 | 90 | 164 | 129 |
| EPS ($ per share) | 0.91 | — | 1.83 | 1.37 | 1.23 | — | 1.73 | 1.37 |
| Line item | Dec 2018 | Dec 2019 | Jan 2021 | Jan 2022 | Jan 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -69 | -84 | 203 | 259 | 320 | 374 | 514 | 561 |
| Total liabilities | 1,086 | 2,141 | 1,925 | 1,963 | 2,024 | 2,179 | 2,319 | 2,756 |
| Fixed assets | 766 | 742 | 727 | 716 | 722 | 799 | 895 | 1,085 |
| Total assets | 1,676 | 2,723 | 2,806 | 2,923 | 3,070 | 3,327 | 3,641 | 4,159 |
| Line item | Dec 2018 | Dec 2019 | Jan 2021 | Jan 2022 | Jan 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 294 | 355 | 494 | 365 | 371 | 465 | 645 | 716 |
| Cash from investing | -177 | -183 | -122 | -102 | -124 | -238 | -230 | -248 |
| Cash from financing | -135 | -87 | -287 | -187 | -199 | -318 | -351 | -474 |
| Net cash flow | -17 | 85 | 85 | 76 | 48 | -91 | 63 | -6 |
| Capital expenditure | -177 | -183 | -122 | -102 | -124 | -225 | -230 | -248 |
| Free cash flow | 117 | 172 | 372 | 262 | 247 | 240 | 415 | 468 |
SFM revenue by segment
| Segment | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2027 | Q2 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|
| Healthy Grocery Stores | 100% | 100% | 100% | 100% | 100% | 100% | +4.7% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
SFM operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Stores | 483On unit growth, we opened 6 new stores, ending the quarter with 483 stores across 25 states, including our entry into New York.Source: earnings call transcript | 490We opened seven new stores, ending the quarter with 490 stores across 25 states.Source: earnings call transcript | +1.4% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
107 filings between Dec 3, 2025 and Oct 5, 2026.
Open market
decisions to buy or sellPurchases
$440.2K
2 purchases by 2 insiders
Sales
$22.63M
63 sales by 14 insiders
16% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 28
- Award — granted as compensation
- 14
- Option exercise — converted options into shares
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Sinclair Jack | — | $14.12M | Oct 5, 2026 |
| Konat Nicholas | — | $2.07M | Jun 11, 2026 |
| Lombardi Brandon F. | — | $1.49M | May 1, 2026 |
| Neal John Scott | — | $1.49M | Dec 3, 2025 |
| Zalatoris Timmi | — | $1.24M | Mar 23, 2026 |
| McGlinchey David | — | $483.1K | Mar 20, 2026 |
| Hurley Joseph L | — | $398.6K | Mar 20, 2026 |
| Coffin Kim | — | $386.2K | Mar 20, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 5, 2026 | Sinclair Jack Chief Executive Officer | Sale 10b5-1 plan | 10,788 | $695.6K |
| Oct 5, 2026 | Sinclair Jack Chief Executive Officer | Option exercise 10b5-1 plan | 10,788 | $177.7K |
| Oct 2, 2026 | Sinclair Jack Chief Executive Officer | Option exercise 10b5-1 plan | 10,788 | $177.7K |
| Oct 2, 2026 | Sinclair Jack Chief Executive Officer | Sale 10b5-1 plan | 10,788 | $698.7K |
| Sep 8, 2026 | Hamilton Dustin Chief Stores Officer | Sale | 292 | $23.5K |
| Sep 2, 2026 | Sinclair Jack Chief Executive Officer | Option exercise 10b5-1 plan | 10,788 | $177.7K |
| Sep 2, 2026 | Sinclair Jack Chief Executive Officer | Sale 10b5-1 plan | 10,788 | $844.1K |
| Sep 1, 2026 | Sinclair Jack Chief Executive Officer | Sale 10b5-1 plan | 10,788 | $891.7K |
| Sep 1, 2026 | Sinclair Jack Chief Executive Officer | Option exercise 10b5-1 plan | 10,788 | $177.7K |
| Aug 14, 2026 | O'Leary Joseph D Director | Sale | 2,597 | $214.4K |
| Aug 4, 2026 | Sinclair Jack Chief Executive Officer | Option exercise 10b5-1 plan | 10,788 | $177.7K |
| Aug 4, 2026 | Sinclair Jack Chief Executive Officer | Sale 10b5-1 plan | 10,788 | $936.4K |
| Aug 3, 2026 | Sinclair Jack Chief Executive Officer | Option exercise 10b5-1 plan | 10,788 | $177.7K |
| Aug 3, 2026 | Sinclair Jack Chief Executive Officer | Sale 10b5-1 plan | 10,788 | $963.8K |
| Jul 7, 2026 | Sinclair Jack Chief Executive Officer | Option exercise 10b5-1 plan | 10,788 | $177.7K |
| Jul 7, 2026 | Sinclair Jack Chief Executive Officer | Sale 10b5-1 plan | 10,788 | $915.6K |
| Jul 6, 2026 | Sinclair Jack Chief Executive Officer | Sale 10b5-1 plan | 10,788 | $943.0K |
| Jul 6, 2026 | Sinclair Jack Chief Executive Officer | Option exercise 10b5-1 plan | 10,788 | $177.7K |
| Jun 11, 2026 | Konat Nicholas President & COO | Sale | 12,538 | $1.10M |
| Jun 8, 2026 | Sinclair Jack Chief Executive Officer | Sale 10b5-1 plan | 10,788 | $937.7K |
| Jun 8, 2026 | Sinclair Jack Chief Executive Officer | Option exercise 10b5-1 plan | 10,788 | $177.7K |
| Jun 5, 2026 | Sinclair Jack Chief Executive Officer | Sale 10b5-1 plan | 10,790 | $885.3K |
| Jun 5, 2026 | Sinclair Jack Chief Executive Officer | Option exercise 10b5-1 plan | 10,790 | $177.7K |
| Jun 4, 2026 | JHAWAR ANDREW Director | Award | 2,894 | $0 |
| May 1, 2026 | Lombardi Brandon F. Chief Legal Officer | Sale | 406 | $33.3K |
| Mar 23, 2026 | Zalatoris Timmi Chief Human Resources Officer | Sale | 426 | $33.4K |
| Mar 20, 2026 | Lombardi Brandon F. Chief Legal Officer | Sale | 297 | $24.9K |
| Mar 20, 2026 | Hamilton Dustin Chief Stores Officer | Sale | 206 | $17.3K |
| Mar 20, 2026 | Valentine Curtis Chief Financial Officer | Sale | 253 | $21.2K |
| Mar 20, 2026 | Coffin Kim SVP, Chief Forager | Sale | 313 | $26.3K |
| Mar 20, 2026 | Bahrenburg James H Chief Technology Officer | Sale | 208 | $17.5K |
| Mar 20, 2026 | Hurley Joseph L Chief Supply Chain Officer | Sale | 323 | $27.1K |
| Mar 20, 2026 | Zalatoris Timmi Chief Human Resources Officer | Sale | 311 | $26.1K |
| Mar 20, 2026 | Konat Nicholas President & COO | Sale | 530 | $44.5K |
| Mar 20, 2026 | McGlinchey David Chief Development Officer | Sale | 297 | $24.9K |
| Mar 20, 2026 | Hilgendorf Stacy W. VP, Controller | Sale | 228 | $19.1K |
| Mar 20, 2026 | Sinclair Jack Chief Executive Officer | Sale | 3,201 | $268.8K |
| Mar 19, 2026 | Lombardi Brandon F. Chief Legal Officer | Sale | 758 | $63.8K |
| Mar 19, 2026 | Zalatoris Timmi Chief Human Resources Officer | Sale | 585 | $49.0K |
| Mar 18, 2026 | Lombardi Brandon F. Chief Legal Officer | Sale | 11,207 | $913.4K |
| Mar 18, 2026 | Lombardi Brandon F. Chief Legal Officer | Sale | 538 | $44.9K |
| Mar 18, 2026 | Hilgendorf Stacy W. VP, Controller | Sale | 463 | $38.7K |
| Mar 18, 2026 | Hamilton Dustin Chief Stores Officer | Sale | 1,017 | $84.9K |
| Mar 18, 2026 | Valentine Curtis Chief Financial Officer | Sale | 183 | $15.3K |
| Mar 18, 2026 | Hurley Joseph L Chief Supply Chain Officer | Sale | 456 | $38.1K |
| Mar 18, 2026 | Coffin Kim SVP, Chief Forager | Sale | 467 | $39.0K |
| Mar 18, 2026 | Zalatoris Timmi Chief Human Resources Officer | Sale | 9,340 | $784.1K |
| Mar 18, 2026 | Zalatoris Timmi Chief Human Resources Officer | Sale | 480 | $40.1K |
| Mar 18, 2026 | Konat Nicholas President & COO | Sale | 952 | $79.5K |
| Mar 18, 2026 | McGlinchey David Chief Development Officer | Sale | 543 | $45.3K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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