Sprouts Farmers Market Reports Q2 Earnings with Mixed Performance
Sprouts Farmers Market (NASDAQ:SFM) reported second-quarter earnings for 2026, showing a 5% year-over-year increase in total sales to $2.3 billion, driven by the opening of seven new stores. However, comparable-store sales declined slightly by 1%. Net income reached $129 million with diluted EPS rising 1% to $1.37. Management attributed the results to cautious consumer spending and weaker June performance but noted growth in e-commerce (up over 12%) and Sprouts-brand products. The company maintained its full-year outlook for sales growth of 5.5%-6.5%, with EBIT expected between $675 million-$685 million, and diluted EPS projected at $5.32-$5.40. CFO Curtis Valentine noted sequential improvement in May followed by a June slowdown due to difficult prior-year comparisons and supply chain issues from the previous year. Sprouts plans 42 net new store openings for 2026 and is focusing on affordability, personalization, and expanding its product assortment. The company also mentioned minor impacts from Cyclospora concerns affecting fresh produce sales but no recalls.
Tickers: $SFM
Topics: comparable-store_sales e-commerce grocery retail sales_growth