Double-Digit Sales Gains for Sprouts in Fiscal Q2

As Sprouts Farmers Market moves forward with its store expansion plans, the specialty grocer is also seeing ongoing strong sales growth, with the Phoenix-based retailer reporting double-digit gains in its fiscal second quarter.

For the 13-week period ended June 29, net sales at Sprouts were $2.2 billion, up 17% from the same quarter the previous fiscal year. Diluted earnings per share were $1.35, up from diluted earnings per share of 94 cents in the same period in 2024. Comparable store sales were up 10.2%.

During the quarter, Sprouts opened 12 new stores and as of the end of the second quarter operated 455 locations in 24 states.

"We are pleased with our excellent results for the second quarter," said Jack Sinclair, chief executive officer of Sprouts Farmers Market. "Our dedicated team members have consistently focused on understanding and meeting the needs of our target customers. Our investments in operations, self-distribution, customer personalization, and team member development all set the stage for exciting future growth.”

The company ended the second quarter with $261 million in cash and cash equivalents and a zero balance on its $700 million revolving credit facility. It repurchased one-half million shares of common stock for a total investment of $73 million, excluding excise tax, and generated cash from operations of $410 million and invested $138 million in capital expenditures through June 29.

For its full-year 2025, the company is forecasting net sales growth of between 14.5% and 16%, with comparable store sales growth of between 7.5% and 9%. Capital expenditures are expected to be between $230 million and $250 million, with at least 35 new stores planned.