Sprouts Farmers Market, Inc. (SFM) Form 10-Q — Oct 28, 2026
Sprouts Farmers Market reported Q3 fiscal 2026 net sales of $2.30 billion, up 5% year over year, driven by $128.8 million of sales from new stores. However, comparable store sales fell 0.9%, including a 0.6% hit from a cyclospora outbreak affecting produce categories, and net income declined 6% to $113.4 million with diluted EPS of $1.21 versus $1.22 a year ago. The company ended the quarter with 504 stores after opening 15, and reiterated its target of roughly 10% annual unit growth. Management flagged that accelerating price investments in affordability plus softer comps will pressure margins in Q4 2026 and into fiscal 2027.
Key figures
- Eps
- 1.21
- Revenue
- 2304720000
- Guidance
- Expects ~$310 million capital expenditures in fiscal 2026; plans to increase and accelerate affordability, technology and supply chain investments in Q4 2026 and fiscal 2027, which together with lower comps is expected to pressure near-term margins.
- Net Income
- 113421000
- Revenue Yoy
- 5%
- Total Assets
- 4459061000
- Cash Position
- 228664000
- Shares Outstanding
- 92232635
- Ytd net sales
- 6959703000
- Q3 diluted eps
- 1.21
- Ytd net income
- 406340000
- Gross margin q3
- 38.2%
- Ytd diluted eps
- 4.3
- Roic trailing 4q
- 16.1%
- Stores opened q3
- 15
- Stores at period end
- 504
- Effective tax rate q3
- 25.1%
- Share repurchases ytd
- 301891000
- Cyclospora comp impact q3
- -0.6%
- Q3 comparable store sales
- -0.9%
- Ytd comparable store sales
- -1.2%
- Buyback authorization available
- 536785000
AI analysis
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