Sprouts Farmers Market, Inc.
Business
Sprouts Farmers Market is a specialty natural and organic grocery retailer offering a curated assortment of fresh, natural and organic foods organized in a farmers-market-style store format with produce at the center. The company operates 477 stores across 24 states, selling fresh produce, perishables, natural and organic packaged goods, vitamins, supplements, and private-label Sprouts Brand products, alongside third-party natural food brands. Sprouts targets "health enthusiasts" and "selective shoppers" through physical retail locations and omnichannel services including delivery and pickup via its website and app, leveraging a network of fresh distribution centers and third-party suppliers.
Summary from 10-K filed 2026-02-19
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Sprouts Farmers Market, Inc.'s CIK number?
Sprouts Farmers Market, Inc.'s SEC CIK number is 0001575515 (1575515). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Sprouts Farmers Market, Inc.'s SEC filings?
All of Sprouts Farmers Market, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Sprouts Farmers Market, Inc. last report earnings?
Sprouts Farmers Market, Inc. (SFM) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001575515-26-000020). This is Sprouts Farmers Market, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Sprouts Farmers Market, Inc.'s most recent earnings 8-K?
Sprouts Farmers Market, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0001575515-26-000020. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Sprouts Farmers Market, Inc.'s latest earnings 8-K →
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