Sprouts Farmers Market SFM Q2 2026: Beat Streak Meets Same-Store Sales Slip
As seen on the 24/7 Wall St. homepage on July 29, 2026.
Sprouts beat earnings expectations for a fourth straight quarter with a 2% EPS surprise, but same-store sales fell 1% as a cautious consumer environment forced the grocer to rely entirely on new unit expansion to grow the top line. The company opened 7 stores in Q2 and plans 42 net new openings for the full year, offsetting weak traffic with new locations while guiding full-year EPS to $5.32 to $5.40.
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Sprouts Farmers Market posted Q2 2026 earnings per share of $1.37, topping the consensus estimate of $1.34 by about 2% and extending the grocer's beat streak to four consecutive quarters. Revenue came in at roughly $2.33 billion, also edging past expectations. The EPS beat is the smallest in that four-quarter run, however, and the underlying details show why investors may temper their enthusiasm.
The more pressing story is that same-store sales fell 1% in the quarter, meaning existing locations are generating less business than they were a year ago. Sprouts is leaning entirely on new unit growth to expand the top line, opening 7 stores in Q2 and targeting 42 net new locations for the full year. That kind of square-footage-driven growth can sustain headline revenue numbers, but it also raises costs and masks whether the core customer base is actually spending more.
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For the full year, management guided EPS to a range of $5.32 to $5.40. The key variable to watch in coming quarters is whether same-store sales stabilize as the consumer environment shifts, or whether the company continues to need an aggressive store-opening pace just to keep revenue moving forward.
Mentioned: SFM