Sprouts Farmers Market(SFM) - 2026 Q3 - Quarterly Results

Financial Performance - Net sales for Q3 2025 reached $2.2 billion, a 13% increase compared to $1.95 billion in Q3 2024[4] - Comparable store sales growth was 5.9% for the third quarter[4] - Diluted earnings per share increased to $1.22, up from $0.91 in the same period last year[4] - Net income for the thirteen weeks ended September 28, 2025, was $120,116,000, an increase from $91,610,000 for the same period in 2024, representing a growth of 31%[21] - EBITDA for the thirty-nine weeks ended September 28, 2025, reached $679,089,000, compared to $501,915,000 for the same period in 2024, reflecting a year-over-year increase of 35.3%[21] - EBIT for the thirteen weeks ended September 28, 2025, was $157,398,000, up from $122,451,000 in the prior year, indicating a growth of 28.5%[21] - The total EBIT for the thirty-nine weeks ended September 28, 2025, was $563,086,000, an increase from $398,034,000 in 2024, representing a growth of 41.5%[21] Store Expansion - The company opened 9 new stores, bringing the total to 464 stores across 24 states as of September 28, 2025[4] Cash and Investments - Cash and cash equivalents at the end of the quarter were $322 million, with no balance on the $600 million revolving credit facility[4] - Year-to-date cash generated from operations was $577 million, with $194 million invested in capital expenditures[4] - A new $1 billion share repurchase program was authorized, with $50 million spent to repurchase 0.4 million shares[4] Future Projections - Full-year 2025 net sales growth is projected to be approximately 14%[4] - The company anticipates comparable store sales growth of approximately 7.0% for the full year[4] - EBIT is expected to be between $675 million and $680 million for the full year[4] Tax and Depreciation - The income tax provision for the thirty-nine weeks ended September 28, 2025, was $131,286,000, compared to $97,417,000 for the same period in 2024, showing an increase of 35%[21] - Depreciation, amortization, and accretion for the thirteen weeks ended September 28, 2025, totaled $40,739,000, compared to $36,125,000 in 2024, marking an increase of 12.5%[21] Financial Reporting - The company emphasizes that non-GAAP measures should not be considered in isolation or as a substitute for GAAP results, highlighting the importance of understanding these metrics in context[18] - The financial data presented is unaudited and in thousands, ensuring clarity in the reporting of figures[20] - The company is based in Phoenix, AZ, and the report was published on October 29, 2025[22]