Sprouts Farmers Market Inc
sprouts.comWhat Do They Do?
Sells fresh, natural and organic groceries, including produce and packaged foods, to shoppers seeking healthier options.
10-K for FY2025, filed Feb 19, 2026
How Do They Make Money?
Customers pay for groceries at the point of sale. Gift cards bring in payment when sold, with sales counted when redeemed; loyalty rewards defer part of a purchase until points are redeemed or expire.
10-K for FY2025, filed Feb 19, 2026
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10-K for FY2025, filed Feb 19, 2026
FY2025 revenue by product or service ↗
$8.8B
-
10-K for FY2025, filed Feb 19, 2026
$8.8B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Perishables
Sold outright
10-K for FY2025, filed Feb 19, 2026 |
57%
FY2022: 58%
|
Perishables, FY2025
$5B Sources
|
Sold outright |
|
Non-Perishables
Sold outright
10-K for FY2025, filed Feb 19, 2026 |
43%
FY2022: 42%
|
Non-Perishables, FY2025
$3.8B Sources
|
Sold outright |
Who Are Their Customers?
Health enthusiasts and selective shoppers seeking better-for-you grocery options and quality products shop in stores and online. Customers can order delivery or pickup through Sprouts’ website or app, with home delivery provided by delivery services.
10-K for FY2025, filed Feb 19, 2026We have employed deep research to understand our target customer, what occasions drive purchases, what they buy and where they buy it. Our…View ↗
Our target customer over-indexes on lifestyle choices and seeks better-for-you grocery options and innovative, quality products to support…View ↗
We have developed and maintain the Sprouts app on which we include digital coupons and in-store scan features, and our website…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 6 cents of every revenue dollar as net income in FY2025 and turned 5 cents into free cash flow.
10-K for FY2025, filed Feb 19, 2026
$686.2MView ↗
10-K for FY2025, filed Feb 19, 2026
$523.7MView ↗
10-K for FY2025, filed Feb 19, 2026
$467.7MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Jul 29, 2026
$129.2MView ↗
- ▼ −3%
- vs $133.7M in Q2 FY2025
10-Q for Q2 FY2026, filed Jul 29, 2026
Open tableView ↗
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Sep 1, 2026
Nick Konat will become CEO; Jack Sinclair will become Executive Chairman
The leadership transition is scheduled for the start of the 2027 fiscal year.
Sources
8-K, filed Sep 1, 2026
On August 31, 2026, as part of its long-term succession process, the Board of Directors (the “Board”) of Sprouts Farmers Market, Inc. (the…View ↗
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Jul 29, 2026
Issued full-year 2026 sales growth guidance
Sources
8-K, filed Jul 29, 2026
The following provides information on our full year 2026 outlook (on a 52-week basis):View ↗
Growing. Revenue grew 44% in 4 years, from $6.1B in FY2021 to $8.8B in FY2025, about 10% a year.
A broader private-label range
The newer report describes continued expansion of the Sprouts-branded assortment and says its redesign is substantially complete; the older report described an expansion program still underway.
10-K for FY2022, filed Mar 2, 2023 10-K for FY2025, filed Feb 19, 2026We have been expanding the breadth of our Sprouts branded products over the last several years and have a dedicated product development…View ↗
We continue to expand the breadth of our Sprouts‑branded products through a dedicated product development team committed to driving growth…View ↗
Who Do They Compete With?
Competes with Whole Foods, Trader Joe’s, Kroger, Albertsons, Safeway, H-E-B, Publix, Target, Walmart, and Amazon
10-K for FY2025, filed Feb 19, 2026Our competitors within the overall grocery industry primarily include other specialty food retailers such as Whole Foods, Trader Joe’s, and…View ↗
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