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Sprouts Farmers Market, Inc. Reports Third Quarter 2024 Results

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Sprouts Farmers Market (SFM) reported strong Q3 2024 results with net sales reaching $1.9 billion, marking a 14% increase year-over-year. The company achieved 8.4% comparable store sales growth and diluted earnings per share of $0.91, up from $0.64 in Q3 2023. During the quarter, SFM opened 9 new stores, expanding to 428 locations across 23 states. The company ended Q3 with $310 million in cash and zero balance on its credit facility. For Q4 2024, SFM projects comparable store sales growth of 8.0-10.0% and expects full-year 2024 net sales growth of approximately 12.0%.

Sprouts Farmers Market (SFM) ha riportato risultati solidi per il terzo trimestre del 2024, con vendite nette che hanno raggiunto 1,9 miliardi di dollari, segnando un aumento del 14% rispetto all'anno precedente. L'azienda ha registrato una crescita delle vendite comparabili nei negozi dell'8,4% e un utile per azione diluito di $0,91, rispetto ai $0,64 nel terzo trimestre del 2023. Durante il trimestre, SFM ha aperto 9 nuovi negozi, espandendosi a 428 località in 23 stati. L'azienda ha chiuso il terzo trimestre con 310 milioni di dollari in contanti e un saldo zero sulla sua linea di credito. Per il quarto trimestre del 2024, SFM prevede una crescita delle vendite comparabili nei negozi tra l'8,0% e il 10,0% e si aspetta una crescita delle vendite nette dell'anno intero del 2024 di circa il 12,0%.

Sprouts Farmers Market (SFM) reportó resultados sólidos para el tercer trimestre de 2024, con ventas netas que alcanzaron 1.9 mil millones de dólares, marcando un aumento del 14% en comparación con el año anterior. La compañía logró un crecimiento de ventas comparables de 8.4% y ganancias por acción diluidas de $0.91, en comparación con $0.64 en el tercer trimestre de 2023. Durante el trimestre, SFM abrió 9 nuevas tiendas, expandiéndose a 428 ubicaciones en 23 estados. La compañía cerró el tercer trimestre con 310 millones de dólares en efectivo y un saldo cero en su línea de crédito. Para el cuarto trimestre de 2024, SFM proyecta un crecimiento de ventas comparables de entre el 8.0% y el 10.0% y espera un crecimiento de ventas netas de aproximadamente el 12.0% para todo el año 2024.

Sprouts Farmers Market (SFM)는 2024년 3분기 실적을 발표하며, 순매출이 19억 달러에 달하고, 전년 대비 14% 증가했다고 전했습니다. 회사는 비교 가능한 매장 판매 성장률 8.4%를 기록했으며, 희석된 주당 순이익은 $0.91로, 2023년 3분기의 $0.64에서 증가했습니다. 분기 동안 SFM은 9개의 새로운 매장을 열어 23개 주에 걸쳐 428개의 매장으로 확장했습니다. SFM은 3분기를 3억 1천만 달러의 현금과 함께 마감하였으며, 신용 시설에는 잔액이 없습니다. 2024년 4분기에 대해 SFM은 비교 가능한 매장 판매 성장률이 8.0%에서 10.0% 사이일 것으로 예상하며, 2024년 전체의 순매출 성장률은 약 12.0%에 이를 것으로 예상하고 있습니다.

Sprouts Farmers Market (SFM) a annoncé des résultats solides pour le troisième trimestre 2024, avec des ventes nettes atteignant 1,9 milliard de dollars, ce qui représente une augmentation de 14% par rapport à l'année précédente. L'entreprise a enregistré une croissance des ventes comparables des magasins de 8,4% et un bénéfice par action dilué de 0,91 $, contre 0,64 $ au troisième trimestre 2023. Au cours du trimestre, SFM a ouvert 9 nouveaux magasins, portant son total à 428 emplacements dans 23 États. L'entreprise a terminé le troisième trimestre avec 310 millions de dollars en liquidités et un solde nul sur sa ligne de crédit. Pour le quatrième trimestre 2024, SFM prévoit une croissance des ventes comparables des magasins de 8,0 à 10,0 % et s'attend à une croissance des ventes nettes d'environ 12,0 % pour l'ensemble de l'année 2024.

Sprouts Farmers Market (SFM) berichtete über starke Ergebnisse im dritten Quartal 2024, mit Nettoumsätzen von 1,9 Milliarden Dollar, was einem Anstieg von 14% im Vergleich zum Vorjahr entspricht. Das Unternehmen erzielte ein Wachstum der vergleichbaren Filialumsätze von 8,4% und einen verwässerten Gewinn je Aktie von $0,91, ein Anstieg von $0,64 im dritten Quartal 2023. Im Laufe des Quartals eröffnete SFM 9 neue Geschäfte und erweiterte damit auf insgesamt 428 Standorte in 23 Bundesstaaten. Das Unternehmen schloss das dritte Quartal mit 310 Millionen Dollar Bargeld und einem Nullsaldo auf seiner Kreditlinie ab. Für das vierte Quartal 2024 prognostiziert SFM ein Wachstum der vergleichbaren Filialumsätze von 8,0-10,0% und erwartet für das Gesamtjahr 2024 ein Nettoumsatzwachstum von etwa 12,0%.

Positive
  • Net sales increased 14% YoY to $1.9 billion
  • Comparable store sales grew 8.4%
  • Diluted EPS increased 42% to $0.91 from $0.64
  • Strong cash position of $310 million with zero debt on credit facility
  • Generated $520 million in operating cash flow YTD
  • Raised full-year guidance with 12% expected net sales growth
Negative
  • None.

Insights

Sprouts delivered an impressive Q3 2024 performance with substantial growth metrics across the board. The $1.9 billion in net sales represents a robust 14% increase year-over-year, while comparable store sales grew by 8.4%. The diluted EPS of $0.91 shows significant improvement from $0.64 in the previous year.

The company's financial position remains strong with $310 million in cash, zero debt on its revolving credit facility and healthy cash flow generation of $520 million from operations. The continued share repurchase program and aggressive store expansion strategy signal management's confidence in the business model. The upward revision of full-year guidance, projecting approximately 12% net sales growth and comparable store sales growth of 7%, indicates strong momentum heading into Q4.

The grocery sector's competitive landscape makes Sprouts' performance particularly noteworthy. The 8.4% comparable store sales growth suggests successful market penetration and customer retention strategies. The expansion to 428 stores across 23 states demonstrates effective geographical diversification, though Hurricane Milton's impact on Florida openings highlights operational risks.

The robust traffic growth indicates strong consumer demand for Sprouts' specialty health food offerings, despite inflationary pressures. The Q4 outlook of 8.0% to 10.0% comparable store sales growth suggests continued market share gains in the premium grocery segment. The planned 33 new stores for 2024 reflects confidence in the expansion strategy and market opportunity.

PHOENIX--(BUSINESS WIRE)-- Sprouts Farmers Market, Inc. (Nasdaq: SFM) today reported results for the 13-week third quarter ended September 29, 2024.

"The third quarter was another exceptional performance by our Sprouts team," said Jack Sinclair, chief executive officer of Sprouts Farmers Market. "We are driving robust traffic growth and continue to execute at a very high level. We remain confident in our long-term growth potential."

Third Quarter Highlights:

  • Net sales totaled $1.9 billion; a 14% increase from the same period in 2023
  • Comparable store sales growth of 8.4%
  • Diluted earnings per share of $0.91; compared to diluted earnings per share of $0.64 and Adjusted diluted earnings per share of $0.65(1) in the same period in 2023
  • Opened 9 new stores, resulting in 428 stores in 23 states as of September 29, 2024

(1)

Adjusted diluted earnings per share, a non-GAAP financial measure, excludes the impact of certain special items. For the third quarter ended September 29, 2024, there were no adjustments due to special items. See the “Non-GAAP Financial Measures” section of this release for additional information about this item.

Leverage and Liquidity in Third Quarter 2024

  • Ended the quarter with $310 million in cash and cash equivalents and zero balance on its $700 million revolving credit facility
  • Repurchased 264 thousand shares of common stock for a total investment of $25 million, excluding excise tax
  • Generated cash from operations of $520 million and invested $132 million in capital expenditures, net of landlord reimbursement, year-to-date thru September 29, 2024

Fourth Quarter and Full-Year 2024 Outlook

The following provides information on our fourth quarter 2024 outlook:

  • Comparable store sales growth: 8.0% to 10.0%
  • Adjusted diluted earnings per share: $0.67 to $0.71

The following provides information on our full-year 2024 outlook:

  • Net sales growth: approximately 12.0%
  • Comparable store sales growth: approximately 7.0%
  • Adjusted EBIT: $490 million to $495 million
  • Adjusted diluted earnings per share: $3.64 to $3.68
  • Unit growth: 33 new stores; the openings of two Florida stores affected by Hurricane Milton are expected to be postponed to the first quarter of 2025
  • Capital expenditures (net of landlord reimbursements): $205 million to $215 million

Third Quarter 2024 Conference Call

Sprouts will hold a conference call at 5:00 p.m. Eastern Time on Wednesday, October 30, 2024, during which Sprouts executives will further discuss third quarter 2024 financial results.

A webcast of the conference call will be available through Sprouts’ investor relations webpage, accessible via the following link. Participants should register on the website approximately ten minutes prior to the start of the webcast.

A webcast replay will be available at approximately 8:00 p.m. Eastern Time on October 30, 2024. This can be accessed with the following link.

Important Information Regarding Outlook

There is no guarantee that Sprouts will achieve its projected financial expectations, which are based on management estimates, currently available information and assumptions that management believes to be reasonable. These expectations are inherently subject to significant economic, competitive and other uncertainties and contingencies, many of which are beyond the control of management. See “Forward-Looking Statements” below.

Forward-Looking Statements

Certain statements in this press release 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 Farmers Market or its management "anticipates," "plans," "estimates," "expects," or "believes," or the negative of these terms and other similar expressions) should be considered forward-looking statements, including, without limitation, statements regarding the company’s outlook, growth, opportunities and long-term strategy. These statements involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this release. These risks and uncertainties include, without limitation, the company’s ability to execute on its long-term strategy; the company’s ability to successfully compete in its competitive industry; the company’s ability to successfully open new stores; the company’s ability to manage its growth; the company’s ability to maintain or improve its operating margins; the company’s ability to identify and react to trends in consumer preferences; product supply disruptions; equipment supply disruptions; general economic conditions that impact consumer spending or result in competitive responses; accounting standard changes; the current inflationary environment and future potential inflationary and/or deflationary trends; and other factors as set forth from time to time in the company’s Securities and Exchange Commission filings, including, without limitation, the company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The company intends these forward-looking statements to speak only as of the time of this release and does not undertake to update or revise them as more information becomes available, except as required by law.

Corporate Profile

True to its farm-stand heritage, Sprouts offers a unique grocery experience featuring an open layout with fresh produce at the heart of the store. Sprouts inspires wellness naturally with a carefully curated assortment of better-for-you products paired with purpose-driven people. The healthy grocer continues to bring the latest in wholesome, innovative products made with lifestyle-friendly ingredients such as organic, plant-based and gluten-free. Headquartered in Phoenix, and one of the largest and fastest growing specialty retailers of fresh, natural and organic food in the United States, Sprouts employs approximately 33,000 team members and operates more than 420 stores in 23 states nationwide. To learn more about Sprouts, and the good it brings communities, visit about.sprouts.com.

SPROUTS FARMERS MARKET, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(UNAUDITED)

(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)

 

 

Thirteen weeks ended

 

Thirty-nine weeks ended

 

September 29, 2024

 

October 1, 2023

 

September 29, 2024

 

October 1, 2023

Net sales

$

1,945,735

 

 

$

1,713,282

 

$

5,723,062

 

 

$

5,138,839

 

Cost of sales

 

1,204,812

 

 

 

1,087,848

 

 

 

3,541,461

 

 

 

3,237,371

 

Gross profit

 

740,923

 

 

 

625,434

 

 

 

2,181,601

 

 

 

1,901,468

 

Selling, general and administrative expenses

 

580,332

 

 

 

502,801

 

 

 

1,676,470

 

 

 

1,486,961

 

Depreciation and amortization (exclusive of depreciation included in cost of sales)

 

34,408

 

 

 

31,802

 

 

 

98,129

 

 

 

99,834

 

Store closure and other costs, net

 

3,732

 

 

 

3,176

 

 

 

8,968

 

 

 

33,880

 

Income from operations

 

122,451

 

 

 

87,655

 

 

 

398,034

 

 

 

280,793

 

Interest (income) expense, net

 

(1,061

)

 

 

1,698

 

 

 

(382

)

 

 

6,058

Income before income taxes

 

123,512

 

 

 

85,957

 

 

 

398,416

 

 

 

274,735

 

Income tax provision

 

31,902

 

 

 

20,644

 

 

 

97,417

 

 

 

65,928

 

Net income

$

91,610

 

 

$

65,313

 

 

$

300,999

 

 

$

208,807

 

Net income per share:

 

 

 

 

 

 

 

Basic

$

0.91

 

 

$

0.64

 

 

$

2.99

 

 

$

2.03

 

Diluted

$

0.91

 

 

$

0.64

 

 

$

2.97

 

 

$

2.01

 

Weighted average shares outstanding:

 

 

 

 

 

 

 

Basic

 

100,148

 

 

 

101,881

 

 

 

100,560

 

 

 

102,844

 

Diluted

 

101,025

 

 

 

102,703

 

 

 

101,469

 

 

 

103,758

 

SPROUTS FARMERS MARKET, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

(IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)

 

 

September 29, 2024

 

December 31, 2023

ASSETS

 

 

 

Current assets:

 

 

 

Cash and cash equivalents

$

309,668

 

$

201,794

Accounts receivable, net

 

25,073

 

 

30,313

Inventories

 

329,472

 

 

323,198

Prepaid expenses and other current assets

 

29,384

 

 

48,467

Total current assets

 

693,597

 

 

603,772

Property and equipment, net of accumulated depreciation

 

851,443

 

 

798,707

Operating lease assets, net

 

1,437,280

 

 

1,322,854

Intangible assets

 

208,060

 

 

208,060

Goodwill

 

381,750

 

 

381,741

Other assets

 

13,407

 

 

12,294

Total assets

$

3,585,537

 

$

3,327,428

LIABILITIES AND STOCKHOLDERS’ EQUITY

 

 

 

Current liabilities:

 

 

 

Accounts payable

$

198,246

 

$

179,927

Accrued liabilities

 

206,153

 

 

164,887

Accrued salaries and benefits

 

81,528

 

 

74,752

Accrued income tax

 

1,392

 

 

Current portion of operating lease liabilities

 

127,558

 

 

126,271

Current portion of finance lease liabilities

 

1,147

 

 

1,032

Total current liabilities

 

616,024

 

 

546,869

Long-term operating lease liabilities

 

1,517,192

 

 

1,399,676

Long-term debt and finance lease liabilities

 

7,731

 

 

133,685

Other long-term liabilities

 

37,560

 

 

36,270

Deferred income tax liability

 

63,538

 

 

62,381

Total liabilities

 

2,242,045

 

 

2,178,881

Commitments and contingencies

 

 

 

Stockholders’ equity:

 

 

 

Undesignated preferred stock; $0.001 par value; 10,000,000 shares authorized, no shares issued and outstanding

 

 

 

Common stock, $0.001 par value; 200,000,000 shares authorized, 100,039,217 shares issued and outstanding, September 29, 2024; 101,211,984 shares issued and outstanding, December 31, 2023

 

100

 

 

101

Additional paid-in capital

 

799,487

 

 

774,834

Retained earnings

 

543,905

 

 

373,612

Total stockholders’ equity

 

1,343,492

 

 

1,148,547

Total liabilities and stockholders’ equity

$

3,585,537

 

$

3,327,428

SPROUTS FARMERS MARKET, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

(IN THOUSANDS)

 

 

Thirty-nine weeks ended

 

September 29, 2024

 

October 1, 2023

Operating activities

 

 

 

Net income

$

300,999

 

 

$

208,807

 

Adjustments to reconcile net income to net cash provided by operating activities:

 

 

 

Depreciation and amortization expense

 

103,881

 

 

 

103,668

 

Operating lease asset amortization

 

99,278

 

 

 

94,403

 

Impairment of assets

 

 

 

 

27,845

 

Share-based compensation

 

19,925

 

 

 

14,731

 

Deferred income taxes

 

1,170

 

 

 

(13,225

)

Other non-cash items

 

3,116

 

 

 

596

 

Changes in operating assets and liabilities, net of effects from acquisition:

 

 

 

Accounts receivable

 

30,273

 

 

 

10,070

 

Inventories

 

(6,275

)

 

 

(11,322

)

Prepaid expenses and other current assets

 

18,595

 

 

 

21,093

 

Other assets

 

219

 

 

 

3,870

 

Accounts payable

 

25,556

 

 

 

27,446

 

Accrued liabilities

 

37,877

 

 

 

19,027

 

Accrued salaries and benefits

 

6,777

 

 

 

4,509

 

Accrued income tax

 

1,392

 

 

 

 

Operating lease liabilities

 

(122,646

)

 

 

(103,787

)

Other long-term liabilities

 

214

 

 

 

1,294

 

Cash flows from operating activities

 

520,351

 

 

 

409,025

 

Investing activities

 

 

 

Purchases of property and equipment

 

(161,687

)

 

 

(165,016

)

Payments for acquisition, net of cash acquired

 

 

 

 

(13,032

)

Cash flows used in investing activities

 

(161,687

)

 

 

(178,048

)

Financing activities

 

 

 

Payments on revolving credit facilities

 

(125,000

)

 

 

(100,000

)

Payments on finance lease liabilities

 

(840

)

 

 

(749

)

Repurchase of common stock

 

(129,698

)

 

 

(180,415

)

Proceeds from exercise of stock options

 

4,729

 

 

 

8,844

 

Cash flows used in financing activities

 

(250,809

)

 

 

(272,320

)

Increase/(decrease) in cash, cash equivalents, and restricted cash

 

107,855

 

 

 

(41,343

)

Cash, cash equivalents, and restricted cash at beginning of the period

 

203,870

 

 

 

295,192

 

Cash, cash equivalents, and restricted cash at the end of the period

$

311,725

 

 

$

253,849

 

Non-GAAP Financial Measures

In addition to reporting financial results in accordance with accounting principles generally accepted in the United States (“GAAP”), the company presents Adjusted gross margin, Adjusted EBITDA, Adjusted EBIT, and Adjusted diluted earnings per share. These measures are not in accordance with, and are not intended as alternatives to, GAAP. The company's management believes that this presentation provides useful information to management, analysts and investors regarding certain additional financial and business trends relating to its results of operations and financial condition. In addition, management uses these measures for reviewing the financial results of the company, and certain of these measures may be used as components of incentive compensation.

The company defines EBITDA as net income before interest expense, provision for income tax, and depreciation, amortization and accretion. Adjusted gross margin, Adjusted EBITDA, Adjusted EBIT and Adjusted diluted earnings per share exclude the impact of certain specified special items. The Company reported these adjusted measures to provide additional information with respect to the impact of store closure costs and certain other items during the thirteen and thirty-nine weeks ended October 1, 2023. There were no such material adjustments during the thirteen and thirty-nine weeks ended September 29, 2024.

Non-GAAP measures are intended to provide additional information only and do not have any standard meanings prescribed by GAAP. Use of these terms may differ from similar measures reported by other companies. Because of their limitations, non-GAAP measures should not be considered as a measure of discretionary cash available to use to reinvest in the growth of the company’s business, or as a measure of cash that will be available to meet the company’s obligations. Each non-GAAP measure has its limitations as an analytical tool, and they should not be considered in isolation or as a substitute for analysis of the company’s results as reported under GAAP.

The following table shows a reconciliation of (i) Adjusted gross margin to gross margin, (ii) Adjusted EBITDA and Adjusted EBIT to net income and (iii) Adjusted diluted earnings per share to diluted earnings per share, in each case, for the thirteen and thirty-nine weeks ended September 29, 2024 and October 1, 2023:

SPROUTS FARMERS MARKET, INC. AND SUBSIDIARIES

NON-GAAP MEASURE RECONCILIATION

(UNAUDITED)

(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)

 

 

Thirteen weeks ended

 

Thirty-nine weeks ended

 

September 29, 2024

 

October 1, 2023

 

September 29, 2024

 

October 1, 2023

Gross profit

$

740,923

 

 

$

625,434

 

 

$

2,181,601

 

 

$

1,901,468

 

Special items (1)

 

 

 

 

1,302

 

 

 

 

 

 

2,955

 

Adjusted gross profit

$

740,923

 

 

$

626,736

 

 

$

2,181,601

 

 

$

1,904,423

 

Gross margin

 

38.1

%

 

 

36.5

%

 

 

38.1

%

 

 

37.0

%

Adjusted gross margin

 

38.1

%

 

 

36.6

%

 

 

38.1

%

 

 

37.1

%

 

 

 

 

 

 

 

 

Net income

$

91,610

 

 

$

65,313

 

 

$

300,999

 

 

$

208,807

 

Income tax provision

 

31,902

 

 

 

20,644

 

 

 

97,417

 

 

 

65,928

 

Interest (income) expense, net

 

(1,061

)

 

 

1,698

 

 

 

(382

)

 

 

6,058

 

Earnings before interest and taxes (EBIT)

 

122,451

 

 

 

87,655

 

 

 

398,034

 

 

 

280,793

 

Special items (2)

 

 

 

 

2,392

 

 

 

 

 

 

46,034

 

Adjusted EBIT

 

122,451

 

 

 

90,047

 

 

 

398,034

 

 

 

326,827

 

 

 

 

 

 

 

 

 

Depreciation, amortization and accretion, adjusted for special items

 

36,125

 

 

 

33,655

 

 

 

103,881

 

 

 

97,789

 

Adjusted EBITDA

$

158,576

 

 

$

123,702

 

 

$

501,915

 

 

$

424,616

 

 

 

 

 

 

 

 

 

Net income

$

91,610

 

 

$

65,313

 

 

$

300,999

 

 

$

208,807

 

Special items, net of tax (2)

 

 

 

 

1,780

 

 

 

 

 

 

34,272

 

Adjusted net income

$

91,610

 

 

$

67,093

 

 

$

300,999

 

 

$

243,079

 

Diluted earnings per share

$

0.91

 

 

$

0.64

 

 

$

2.97

 

 

$

2.01

 

Adjusted diluted earnings per share

$

0.91

 

 

$

0.65

 

 

$

2.97

 

 

$

2.34

 

 

 

 

 

 

 

 

 

Diluted weighted average shares outstanding

 

101,025

 

 

 

102,703

 

 

 

101,469

 

 

 

103,758

 

(1)

 

For the thirteen and thirty-nine weeks ended September 29, 2024, there were no special items. For the thirteen and thirty-nine weeks ended October 1, 2023, special items included approximately $1 million and $3 million, respectively, in Cost of sales related to store closures and our supply chain transition.

   

(2)

 

For the thirteen and thirty-nine weeks ended September 29, 2024, there were no special items. For the thirteen weeks ended October 1, 2023, special items included approximately $1 million in Selling, general and administrative expenses primarily related to store closures and $1 million in Cost of sales related to our supply chain transition. For the thirty-nine weeks ended October 1, 2023, special items included approximately $28 million in Store Closure and other costs, net primarily related to impairment charges and $6 million in Depreciation and amortization (exclusive of depreciation in cost of sales) for accelerated depreciation in connection with store closures, $9 million in Selling, general and administrative expenses related to store closures, our supply chain transition and acquisition related costs, and $3 million in Cost of sales related to store closures and our supply chain transition. After-tax impact included the tax benefit on the pre-tax charge.

 

Investor Contact:

Susannah Livingston

(602) 682-1584

susannahlivingston@sprouts.com

Media Contact:

media@sprouts.com

Source: Sprouts Farmers Market

FAQ

What was Sprouts Farmers Market (SFM) revenue growth in Q3 2024?

Sprouts Farmers Market reported net sales of $1.9 billion in Q3 2024, representing a 14% increase from the same period in 2023.

How many new stores did Sprouts (SFM) open in Q3 2024?

Sprouts opened 9 new stores during Q3 2024, reaching a total of 428 stores across 23 states.

What is Sprouts Farmers Market's (SFM) comparable store sales growth forecast for Q4 2024?

Sprouts forecasts comparable store sales growth of 8.0% to 10.0% for Q4 2024.

What is Sprouts (SFM) full-year 2024 net sales growth guidance?

Sprouts expects approximately 12.0% net sales growth for the full year 2024.

Sprouts Farmers Market, Inc.

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