PHOENIX, AZ - Sprouts Farmers Market, Inc. reported results for the 13-week first quarter ended March 30, 2025.

“We are delighted with Sprouts’ strong start to 2025,” said Jack Sinclair, chief executive officer of Sprouts Farmers Market, in a release. “These results highlight the effectiveness of our differentiated strategy and excellent execution. Our team members bring knowledge and passion for healthy eating to our core customers every day, and we remain confident in our strategy as we navigate this current environment.”

First Quarter Highlights:

• Net sales totaled $2.2 billion; a 19% increase from the same period in 2024
• Comparable store sales growth of 11.7%
• Diluted earnings per share of $1.81; compared to diluted earnings per share of $1.12
• Opened 3 new stores, resulting in 443 stores in 24 states as of March 30, 2025

Leverage and Liquidity in First Quarter 2025

• Ended the quarter with $286 million in cash and cash equivalents and zero balance on its $700 million revolving credit facility
• Repurchased 1.6 million shares of common stock for a total investment of $219 million, excluding excise tax
• Generated cash from operations of $299 million and invested $49 million in capital expenditures, net of landlord reimbursement, year-to-date thru March 30, 2025

Second Quarter and Full-Year 2025 Outlook

The following provides information on our second quarter 2025 outlook:

• Comparable store sales growth: 6.5% to 8.5%
• Diluted earnings per share: $1.19 to $1.23

The following provides information on our full-year 2025 outlook:

• Net sales growth: 12.0% to 14.0%
• Comparable store sales growth: 5.5% to 7.5%
• EBIT: $640 million to $660 million
• Diluted earnings per share: $4.94 to $5.10
• Unit growth: At least 35 new stores
• Capital expenditures (net of landlord reimbursements): $230 million to $250 million