Sprouts Farmers Market, Inc.

Listed Company

SFMCIK 0001575515NasdaqLarge AcceleratedRetail-Grocery StoresDelawareFY ends Dec 28

Period

FY 2025

Revenue

$8.81B

Net Income

$523.67M

Total Assets

$4.16B

Equity

$1.40B

Shares Out

94.04M

Op. Cash Flow

$716.00M

Business

Sprouts Farmers Market, Inc. offers a specialty grocery retail experience centered on fresh produce and better-for-you products. It offers fresh, natural and organic foods across perishable (produce, meat and alternatives, seafood, deli, bakery, dairy) and non-perishable (grocery, vitamins and supplements, frozen, beer and wine, health and body care) categories, plus Sprouts branded products and product innovation initiatives. The company operates store and supply chain functions, including regional procurement, distribution centers, private-label development, digital marketing and omnichannel capabilities. Sprouts serves U.S. consumers through company-owned stores, online ordering, mobile app services and third-party delivery across multiple states.

Summary from filing dated 2025-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	8,806	7,719	6,837	6,404	6,100
Cost of sales	5,390	4,778	4,316	4,056	3,891
Gross profit	3,416	2,941	2,522	2,349	2,209
Selling, general and administrative expenses	2,575	2,291	2,000	1,856	1,748
Depreciation and amortization (exclusive of depreciation included in cost of sales)	150	133	132	124	122
Store closure and other costs, net	6	13	39	11	5
Income from operations	686	504	350	358	334
Interest (income) expense, net	−3	−2	6	9	—
Income before income taxes	689	507	344	349	322
Income tax provision	165	126	85	88	78
Net income	524	381	259	261	244
Basic (in dollars per share)	5.36	3.79	2.53	2.41	2.12
Diluted (in dollars per share)	5.31	3.75	2.5	2.39	2.1
Basic (in shares)	98	100	102	108	115
Diluted (in shares)	99	101	103	109	116

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	257	265	202	293	245
Accounts receivable, net	65	31	30	16	22
Inventories	427	343	323	311	265
Prepaid expenses and other current assets	60	36	48	54	35
Total current assets	810	676	604	674	568
Property and equipment, net of accumulated depreciation	1,085	895	799	—	—
Operating lease assets, net	1,653	1,467	1,323	1,107	1,072
Intangible assets	208	208	208	185	185
Goodwill	382	382	382	369	369
Other assets	21	13	12	14	14
Total assets	4,159	3,641	3,327	3,070	2,923
Accounts payable	291	213	180	173	146
Accrued liabilities	304	217	165	151	156
Accrued salaries and benefits	96	98	75	62	59
Current portion of operating lease liabilities	177	150	126	136	152
Current portion of finance lease and other finance obligations	2	1	—	—	—
Total current liabilities	871	680	547	522	513
Long-term operating lease liabilities	1,682	1,520	1,400	1,145	1,096
Long-term debt and other finance obligations	82	7	—	—	—
Other long-term liabilities	40	38	36	36	36
Deferred income tax liability	80	73	62	61	58
Total liabilities	2,756	2,319	2,179	2,024	1,963
Commitments and contingencies (Note 17)	—	—	—	—	—
Undesignated preferred stock; $0.001 par value; 10,000,000 shares authorized, no shares issued and outstanding	0	0	0	0	0
Common stock, $0.001 par value; 200,000,000 shares authorized, 95,926,024 shares issued and outstanding, December 28, 2025; 99,255,036 shares issued and outstanding, December 29, 2024	96,000	99,000	101,000	105,000	111,000
Additional paid-in capital	842	808	775	726	705
Retained earnings	561	514	374	320	259
Total stockholders equity	1,403	1,322	1,149	1,046	960
Total liabilities and stockholders equity	4,159	3,641	3,327	3,070	2,923

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization expense	158	140	138	127	126
Operating lease asset amortization	147	134	127	117	109
Impairment of assets	0	406,000	31	8	5
Share-based compensation	31	28	19	17	16
Deferred income taxes	7	11	−5	3	−178,000
Other non-cash items	5	6	1	672,000	1
Accounts receivable	27	30	3	13	17
Inventories	−84	−20	−11	−45	−11
Prepaid expenses and other current assets	37	12	2	−18	−6
Other assets	−5	−45,000	3	2	−2
Accounts payable	11	28	12	13	5
Accrued liabilities	25	39	12	5	610,000
Accrued salaries and benefits	−2	23	13	3	−18
Operating lease liabilities	−166	−169	−139	−133	−120
Other long-term liabilities	2	2	−479,000	−3	401,000
Cash flows from operating activities	716	645	465	371	365
Purchases of property and equipment	−248	−230	−225	−124	−102
Payments for acquisition, net of cash acquired	0	0	−13	0	0
Cash flows used in investing activities	−248	−230	−238	−124	−102
Payments on revolving credit facilities	0	−125	−125	−63	0
Payments on finance lease liabilities	−1	−1	−1	−819,000	−685,000
Payments of deferred financing costs	−2	0	0	−3	0
Repurchase of common stock	−472	−228	−203	−200	−188
Payments of excise tax on repurchases of common stock	−2	−2	0	0	—
Proceeds from exercise of stock options	3	5	12	5	2
Cash flows used in financing activities	−474	−351	−318	−199	−187
(Decrease)/Increase in cash, cash equivalents, and restricted cash	−6	63	−91	48	76
Cash paid for interest	2	5	13	11	11
Cash paid for income taxes	120	102	97	93	83
Property and equipment in accounts payable and accrued liabilities	64	37	30	36	25
Excise tax accrued on repurchase of common stock	4	2	2	0	0
Leased assets obtained in exchange for new operating lease liabilities, net of lease terminations	332	278	365	157	139
Leased assets obtained in exchange for new finance lease liabilities	6	0	809,000	0	0
Property acquired through financing obligations	70	0	0	—	—

Filings

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