Q2 26 EPS
$1.37
BEAT +2.14%
Est. $1.34
Q2 26 Revenue
$2.33B
BEAT +0.17%
Est. $2.32B
vs S&P Since Q2 26
+8.3%
BEATING MARKET
SFM +12.5% vs S&P +4.2%
Market Reaction
Did SFM Beat Earnings? Q2 2026 Results
Sprouts Farmers Market delivered a modest but clean beat in Q2 2026, posting diluted EPS of $1.37 against a consensus estimate of $1.34, a 2.01% beat that extended the specialty grocer's streak to four consecutive quarters of topping Wall Street's ea… Read more Sprouts Farmers Market delivered a modest but clean beat in Q2 2026, posting diluted EPS of $1.37 against a consensus estimate of $1.34, a 2.01% beat that extended the specialty grocer's streak to four consecutive quarters of topping Wall Street's earnings expectations. Revenue came in at $2.33 billion, edging past the $2.32 billion estimate and rising 4.7% year-over-year, though management acknowledged a cautious consumer environment that contributed to a 1.0% decline in comparable store sales, meaning growth was largely carried by new unit openings rather than organic traffic gains. The company ended the quarter with 490 locations across 25 states after opening 7 new stores, underscoring its unit-expansion-led strategy. Margin pressure was visible, with EBIT slipping to $174.17 million from $179.36 million a year ago as higher SG&A and accelerated depreciation weighed on profitability. Looking ahead, Sprouts guided full-year 2026 diluted EPS of $5.32 to $5.40 on a 52-week basis, with 42 net new store openings planned and capital expenditures of approximately $310 million.
Key Takeaways
- • Strong new store performance driving top-line growth
- • Continued success of foraging and innovation efforts
- • Strong adoption of the loyalty program with ~55% of total sales from ID customers
- • Sprouts Brand private-label penetration reached 26% of total company sales
- • Self-distribution of meat covering nearly 85% of stores
SFM Forward Guidance & Outlook
For Q3 2026, Sprouts expects comparable store sales of -0.5% to 1.5% and diluted EPS of $1.20 to $1.24. For full-year 2026 on a 52-week basis, the company guides for net sales growth of 5.5% to 6.5%, comparable store sales of -0.5% to 0.5%, EBIT of $675 million to $685 million, diluted EPS of $5.32 to $5.40, 42 net new stores, and capital expenditures of approximately $310 million net of landlord reimbursements. Fiscal 2026 is a 53-week year; the extra week is estimated to contribute approximately $200 million in sales, $28 million in EBIT, and $0.21 in diluted EPS.
SFM YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
“Our second-quarter results were in line with our expectations. As we continue to navigate a cautious consumer environment, we are encouraged by the strong performance of our new stores and the continued success of our foraging and innovation efforts. We are focused on driving deeper customer engagement, and we are confident in our long-term growth trajectory. I want to thank the team for their continued dedication, strong execution and commitment to serving our customers every day.”
— Jack Sinclair, Q2 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% |