Q1 26 EPS
$1.71
BEAT +2.16%
Est. $1.67
Q1 26 Revenue
$2.33B
BEAT +0.30%
Est. $2.32B
vs S&P Since Q1 26
+6.9%
BEATING MARKET
SFM +14.5% vs S&P +7.6%
Market Reaction
Did SFM Beat Earnings? Q1 2026 Results
Sprouts Farmers Market posted a modest beat to open fiscal 2026, delivering first-quarter diluted EPS of $1.71 against a consensus estimate of $1.67, a 2.16% positive surprise, even as the results reflected a clear step down from the prior year's pac… Read more Sprouts Farmers Market posted a modest beat to open fiscal 2026, delivering first-quarter diluted EPS of $1.71 against a consensus estimate of $1.67, a 2.16% positive surprise, even as the results reflected a clear step down from the prior year's pace. Net sales climbed 4.2% year over year to $2.33 billion, edging past the $2.32 billion consensus, but the headline growth masked softer underlying momentum: comparable store sales declined 1.7%, and EBIT margin compressed to 9.2% from 10.1% a year ago as gross margin contracted and SG&A expenses grew faster than revenue. The company opened 6 new stores in the quarter, bringing its footprint to 483 locations, and launched more than 1,500 new items, reinforcing its health and wellness positioning. Looking ahead, management guided Q2 comparable sales of negative 2% to flat and full-year 2026 diluted EPS of $5.32 to $5.48 on a 52-week basis, with CEO Jack Sinclair expressing confidence in sequential improvement throughout the year as growth initiatives gain traction.
Key Takeaways
- • 4% net sales growth driven by new store openings offsetting negative 1.7% comparable store sales
- • Gross margin of 39.4%, slightly down from 39.6% in Q1 2025
- • EBIT margin compressed to 9.2% from 10.1% year over year
- • Fast adoption of loyalty program with ~55% of total sales from identified customers by end of 2025
- • Sprouts Brand sales penetration reached 26% in 2025, up from 23% in 2024
- • ROIC of 17.4% in Q1 2026 vs. 16.8% in Q1 2025
SFM YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
“The first quarter played out largely as we expected. We continue to focus on accelerating customer engagement, foraging and discovery, building an advantaged supply chain, and expanding access to healthy food. We remain confident in our long-term potential and expect sequential improvement in the business throughout 2026 as we reaccelerate growth. I want to thank our team members for their diligence in executing our strategy and for their dedication to serving our customers.”
— Jack Sinclair, Q1 2026 Earnings Press Release
SFM Earnings Trends
SFM vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SFM EPS Trend
Earnings per share: estimate vs actual
SFM Revenue Trend
Quarterly revenue: estimate vs actual
SFM Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $1.34 | $1.37 | +2.14% | $2.33B | +0.17% |
| Q1 26 BEAT | $1.67 | $1.71 | +2.16% | $2.33B | +0.30% |
| Q4 25 BEAT FY | $0.89 | $0.92 | +3.85% | $2.15B | -0.24% |
| FY Full Year | — | $5.31 | — | $8.81B | — |
| Q3 25 BEAT | $1.17 | $1.22 | +4.56% | $2.20B | -1.08% |
| Q2 25 BEAT | $1.24 | $1.35 | +9.09% | $2.22B | +2.50% |