Sprouts Announces $1 Billion Share Buyback

Sprouts Farmers Market’s board of directors has authorized a new $1 billion share repurchase program, which replaces its current authorization with approximately $143 million remaining.

According to a company press release, the shares may be purchased on a discretionary basis from time to time, subject to general business and market conditions, as well as other investment opportunities, through open market purchases, privately negotiated transactions, or other means.

“Our ongoing share repurchase program reflects our robust cash flow generation and our board’s confidence in our strategy and the potential of our business,” said Curtis Valentine, chief financial officer of Sprouts. “We are committed to delivering long-term value for our investors by prioritizing investments that foster business growth while also returning excess free cash flow to our shareholders through the ongoing repurchase program.”

The new share repurchase program follows the company’s strong second quarter, in which Sprouts reported net sales of $2.2 billion, up 17% from the same quarter of the previous fiscal year. Diluted earnings per share were $1.35, up from 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.

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.