Sprouts Farmers Market Q1 sales slightly beat estimates

Sprouts Farmers Market

29/04/2026 21:12

Overview

US specialty grocer's Q1 sales rose 4%, a slight beat of analyst expectations

Q1 diluted EPS fell to $1.71 from $1.81 a year ago

Company repurchased $140 mln in shares during the quarter

Outlook

Sprouts sees Q2 comparable store sales between (2)% and 0%

Company expects Q2 diluted EPS of $1.32 to $1.36

Sprouts forecasts full-year net sales growth of 4.5% to 6.5%

Company expects full-year comparable store sales between (1)% and 1%

Sprouts anticipates full-year diluted EPS of $5.32 to $5.48

Result Drivers

STORE EXPANSION - Co opened 6 new stores in Q1, bringing total to 483 locations

STRATEGIC INITIATIVES - Co said it focused on accelerating customer engagement, foraging and discovery, building an advantaged supply chain, and expanding access to healthy food, per CEO Jack Sinclair

Company press release: ID:nBw9fbZwQa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Slight Beat*
$2.33 bln
$2.32 bln (14 Analysts)
Q1 EPS
$1.71
Q1 Net Income
$163.72 mln
Q1 Gross Profit
$917.28 mln
Q1 Operating Income
$215.31 mln
Q1 Pretax Profit
$215.44 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the food retail & distribution peer group is "buy"

Wall Street's median 12-month price target for Sprouts Farmers Market Inc is $92.00, about 30.1% above its April 28 closing price of $70.74

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)