# EDGAR Filing Document

**Accession Number:** 0001575515
**File Stem:** 0001575515-25-000221
**Filing Date:** 2025-7
**Character Count:** 55471
**Document Hash:** 5eb031d9a8f60cd7721bf0cfdac1e2f3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001575515-25-000221.hdr.sgml**: 20250730

**ACCESSION NUMBER**: 0001575515-25-000221

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 58

**CONFORMED PERIOD OF REPORT**: 20250730

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250730

**DATE AS OF CHANGE**: 20250730

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Sprouts Farmers Market, Inc.
- **CENTRAL INDEX KEY:** 0001575515
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-GROCERY STORES [5411]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 320331600
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1228

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36029
- **FILM NUMBER:** 251166935

**BUSINESS ADDRESS:**
- **STREET 1:** 5455 E. HIGH ST.
- **STREET 2:** SUITE 111
- **CITY:** PHOENIX
- **STATE:** AZ
- **ZIP:** 85054
- **BUSINESS PHONE:** 480-814-8016

**MAIL ADDRESS:**
- **STREET 1:** 5455 E. HIGH ST.
- **STREET 2:** SUITE 111
- **CITY:** PHOENIX
- **STATE:** AZ
- **ZIP:** 85054

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Sprouts Farmers Markets, LLC
- **DATE OF NAME CHANGE:** 20130426

?xml version='1.0' encoding='ASCII'? sfm-20250730

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 OR 15(d)**

**of The Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported) <u>July 30, 2025</u>**

**Sprouts Farmers Market, Inc.**

**(Exact name of registrant as specified in its charter)**

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-36029** | **32-0331600** |
| **(State or other jurisdiction**<br>**of incorporation or organization)** | **(Commission**<br>**File Number)** | **(I.R.S. Employer**<br>**Identification No.)** |

---

**5455 E. High Street, Suite 111**

**Phoenix, Arizona 85054**

**(Address of principal executive offices and zip code)**

**(480) 814-8016**

**(Registrant's telephone number, including area code)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<u>see</u> General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of Each Class**  | **Trading Symbol(s)** | **Name of Each Exchange on Which Registered**  |
| **Common Stock, $0.001 par value** | **SFM** | **Nasdaq Global Select Market** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. □

------

**Item 2.02. Results of Operations and Financial Condition.**

On July 30, 2025, Sprouts Farmers Market, Inc. (the "Company") issued a press release announcing its results of operations for its second fiscal quarter ended June 29, 2025. On the same date, the Company posted on its investor relations website, located at *investors.sprouts.com*, a PowerPoint presentation (the "Earnings Presentation") that will be used by management during the Company's earnings conference call. A copy of the press release and the Earnings Presentation are furnished herewith as Exhibits 99.1 and 99.2, respectively, and are incorporated into this Item 2.02 by reference.

The information furnished in this Item 2.02, including Exhibits 99.1 and 99.2 attached hereto and incorporated herein, is being furnished and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

**Item 7.01. Regulation FD Disclosure.**

The information set forth under Item 2.02 is hereby incorporated by reference.

The Company is also furnishing in this Current Report on Form 8-K a PowerPoint presentation (the "Investor Presentation") to be used by the Company at various meetings with institutional investors or analysts. The Investor Presentation may be amended or updated at any time and from time to time through another Current Report on Form 8-K, a later company filing or other means. A copy of the Investor Presentation is furnished herewith as Exhibit 99.3 and is incorporated into this Item 7.01 by reference.

The information furnished in this Item 7.01, including Exhibits 99.1, 99.2 and 99.3, is being furnished and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

The Company does not have, and expressly disclaims, any obligation to release publicly any updates or any changes in our expectations or any change in events, conditions, or circumstances on which any forward-looking statement in the attached press release, Earnings Presentation or Investor Presentation is based.

The text of this Current Report on Form 8-K and the attached press release, Earnings Presentation and Investor Presentation are available on the Company's investor relations website located at *investors.sprouts.com*, although the Company reserves the right to discontinue that availability at any time.

**Item 9.01. Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Exhibits

---

| | |
|:---|:---|
| Exhibit<br>Number | Description |
| 99.1 | <u>[Press release of Sprouts Farmers Market, Inc., dated](sfm-20250629xex991.htm)[July](sfm-20250629xex991.htm)[30, 2025, entitled "Sprouts Farmers Market, Inc. Reports](sfm-20250629xex991.htm)[Second](sfm-20250629xex991.htm)[Quarter 2025 Results"](sfm-20250629xex991.htm)</u> |
| 99.2 | <u>[Sprouts Farmers Market, Inc. Presentation, dated](sfm-ex992.htm)[July](sfm-ex992.htm)[30, 2025, entitled "Q](sfm-ex992.htm)[2](sfm-ex992.htm)[2025 Earnings Deck"](sfm-ex992.htm)</u> |
| 99.3 | <u>[Sprouts Farmers Market, Inc. Presentation, dated](sfm-ex993.htm)[July](sfm-ex993.htm)[30, 2025, entitled "Investor Deck"](sfm-ex993.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | **SPROUTS FARMERS MARKET, INC.** | **SPROUTS FARMERS MARKET, INC.** |
| Date: July 30, 2025 | By: | */s/ Brandon F. Lombardi* |
|  | Name: | Brandon F. Lombardi |
|  | Title: | Chief Legal Officer and Corporate Secretary |

---

## Exhibit 99.1

**Exhibit 99.1**

![img407723_0.jpg](img407723_0.jpg)

---

| | |
|:---|:---|
| **Investor Contact:** | **Media Contact:** |
| Susannah Livingston | media@sprouts.com |
| (602) 682-1584 |  |
| susannahlivingston@sprouts.com |  |

---

**Sprouts Farmers Market, Inc. Reports Second Quarter 2025 Results** 

**PHOENIX, Ariz. – (Business Wire) – July 30, 2025** – Sprouts Farmers Market, Inc. (Nasdaq: SFM) today reported results for the 13-week second quarter ended June 29, 2025.

"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."

**Second Quarter Highlights:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Net sales** totaled $2.2 billion; a 17% increase from the same period in 2024

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Comparable store sales** growth of 10.2%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Diluted earnings per share** of $1.35; compared to diluted earnings per share of $0.94 in the same period in 2024

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Opened 12 new stores,** resulting in **455 stores in 24 states** as of June 29, 2025

**Leverage and Liquidity in Second Quarter 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ended the quarter with $261 million in **cash and cash equivalents** and zero balance on its $700 million revolving credit facility

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Repurchased 0.5 million shares of common stock** for a total investment of $73 million, excluding excise tax

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Generated **cash from operations** of $410 million and invested $138 million in **capital expenditures,** net of landlord reimbursement, year-to-date thru June 29, 2025

**Third Quarter and Full-Year 2025 Outlook**

The following provides information on our third quarter 2025 outlook:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Comparable store sales growth:** 6.0% to 8.0%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Diluted earnings per share:** $1.12 to $1.16

The following provides information on our full-year 2025 outlook:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Net sales growth:** 14.5% to 16.0%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Comparable store sales growth:** 7.5% to 9.0%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **EBIT**: $675 million to $690 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Diluted earnings per share:** $5.20 to $5.32

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Unit growth:** At least 35 new stores

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Capital expenditures (net of landlord reimbursements):** $230 million to $250 million

------

**Second Quarter 2025 Conference Call** 

Sprouts will hold a conference call at 5:00 p.m. Eastern Time on Wednesday, July 30, 2025, during which Sprouts executives will further discuss second quarter 2025 financial results.

A webcast of the conference call will be available through Sprouts' investor relations webpage, accessible via the following link. Participants should register on the website approximately ten minutes prior to the start of the webcast.

A webcast replay will be available at approximately 8:00 p.m. Eastern Time on July 30, 2025. This can be accessed with the following link.

**Important Information Regarding Outlook**

There is no guarantee that Sprouts will achieve its projected financial expectations, which are based on management estimates, currently available information and assumptions that management believes to be reasonable. These expectations are inherently subject to significant economic, competitive and other uncertainties and contingencies, many of which are beyond the control of management. See "Forward-Looking Statements" below.

**Forward-Looking Statements**

Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Any statements contained herein that are not statements of historical fact (including, but not limited to, statements to the effect that Sprouts Farmers Market or its management "anticipates," "plans," "estimates," "expects," or "believes," or the negative of these terms and other similar expressions) should be considered forward-looking statements, including, without limitation, statements regarding the company's outlook, growth, opportunities and long-term strategy. These statements involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this release. These risks and uncertainties include, without limitation, the company's ability to execute on its long-term strategy; the company's ability to successfully compete in its competitive industry; the company's ability to successfully open new stores; the company's ability to manage its growth; the company's ability to maintain or improve its operating margins; the company's ability to identify and react to trends in consumer preferences; product supply disruptions; equipment supply disruptions; general economic conditions that impact consumer spending or result in competitive responses; accounting standard changes; potential inflationary and/or deflationary trends; tariffs; and other factors as set forth from time to time in the company's Securities and Exchange Commission filings, including, without limitation, the company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The company intends these forward-looking statements to speak only as of the time of this release and does not undertake to update or revise them as more information becomes available, except as required by law.

**Corporate Profile**

True to its farm-stand heritage, Sprouts offers a unique grocery experience featuring an open layout with fresh produce at the heart of the store. Sprouts inspires wellness naturally with a carefully curated assortment of better-for-you products paired with purpose-driven people. The healthy grocer continues to bring the latest in wholesome, innovative products made with lifestyle-friendly ingredients such as organic, plant-based and gluten-free. Headquartered in Phoenix, and one of the largest and fastest growing specialty retailers of fresh, natural and organic food in the United States, Sprouts employs approximately 35,000 team members and operates more than 450 stores in 24 states nationwide. To learn more about Sprouts, and the good it brings communities, visit sprouts.com/about/.

------

**SPROUTS FARMERS MARKET, INC. AND SUBSIDIARIES**

**CONSOLIDATED STATEMENTS OF INCOME**

**(UNAUDITED)**

**(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Thirteen weeks ended** | **Thirteen weeks ended** | **Twenty-six weeks ended** | **Twenty-six weeks ended** |
| | **June 29, 2025** | **June 30, 2024** | **June 29, 2025** | **June 30, 2024** |
| Net sales | $2220602 | $1893519 | $4457038 | $3777327 |
| Cost of sales | 1358002 | 1175154 | 2708075 | 2336649 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gross profit | 862600 | 718365 | 1748963 | 1440678 |
| Selling, general and administrative expenses | 645127 | 556367 | 1268353 | 1096138 |
| Depreciation and amortization (exclusive of depreciation included in cost of sales) | 36606 | 31489 | 71705 | 63721 |
| Store closure and other costs, net | 1511 | 3192 | 3217 | 5236 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income from operations | 179356 | 127317 | 405688 | 275583 |
| Interest (income) expense, net | (431) | (139) | (1355) | 679 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income before income taxes | 179787 | 127456 | 407043 | 274904 |
| Income tax provision | 46084 | 32167 | 93314 | 65515 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income | $133703 | $95289 | $313729 | $209389 |
| Net income per share: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | $1.37 | $0.95 | $3.19 | $2.08 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | $1.35 | $0.94 | $3.16 | $2.06 |
| Weighted average shares outstanding: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | 97858 | 100460 | 98198 | 100765 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | 98774 | 101196 | 99259 | 101647 |

---

------

**SPROUTS FARMERS MARKET, INC. AND SUBSIDIARIES**

**CONSOLIDATED BALANCE SHEETS**

**(UNAUDITED)**

**(IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)**

---

| | | |
|:---|:---|:---|
| | **June 29, 2025** | **December 29, 2024** |
| **ASSETS** | | |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $261404 | $265159 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable, net | 61550 | 30901 |
| &nbsp;&nbsp;&nbsp;&nbsp;Inventories | 351111 | 343329 |
| &nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | 35263 | 36131 |
| Total current assets | 709328 | 675520 |
| Property and equipment, net of accumulated depreciation | 922966 | 895189 |
| Operating lease assets, net | 1543865 | 1466903 |
| Intangible assets | 208180 | 208094 |
| Goodwill | 381750 | 381750 |
| Other assets | 17139 | 13243 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total assets | $3783228 | $3640699 |
| **LIABILITIES AND STOCKHOLDERS' EQUITY** |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | $248980 | $213414 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued liabilities | 223677 | 216842 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued salaries and benefits | 85115 | 97991 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued income tax |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Current portion of operating lease liabilities | 161818 | 150400 |
| &nbsp;&nbsp;&nbsp;&nbsp;Current portion of finance lease liabilities | 1397 | 1321 |
| Total current liabilities | 720987 | 679968 |
| Long-term operating lease liabilities | 1586088 | 1520272 |
| Long-term debt and finance lease liabilities | 6528 | 7248 |
| Other long-term liabilities | 37125 | 38259 |
| Deferred income tax liability | 76000 | 73059 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 2426728 | 2318806 |
| Commitments and contingencies |  |  |
| Stockholders' equity: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Undesignated preferred stock; $0.001 par value; 10,000,000 shares authorized, no shares issued and outstanding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common stock, $0.001 par value; 200,000,000 shares authorized, 97,768,860 shares issued and outstanding, June 29, 2025; 99,255,036 shares issued and outstanding, December 29, 2024 | 98 | 99 |
| &nbsp;&nbsp;&nbsp;&nbsp;Additional paid-in capital | 823766 | 808140 |
| &nbsp;&nbsp;&nbsp;&nbsp;Retained earnings | 532636 | 513654 |
| Total stockholders' equity | 1356500 | 1321893 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity | $3783228 | $3640699 |

---

------

**SPROUTS FARMERS MARKET, INC. AND SUBSIDIARIES**

**CONSOLIDATED STATEMENTS OF CASH FLOWS**

**(UNAUDITED)**

**(IN THOUSANDS)**

---

| | | |
|:---|:---|:---|
| | **Twenty-six weeks ended** | **Twenty-six weeks ended** |
| | **June 29, 2025** | **June 30, 2024** |
| **Operating activities** | | |
| Net income | $313729 | $209389 |
| Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation and amortization expense | 75264 | 67756 |
| &nbsp;&nbsp;&nbsp;Operating lease asset amortization | 70568 | 65489 |
| &nbsp;&nbsp;&nbsp;Share-based compensation | 14403 | 13266 |
| &nbsp;&nbsp;&nbsp;Deferred income taxes | 2941 | (396) |
| &nbsp;&nbsp;&nbsp;Other non-cash items | 2712 | 2189 |
| &nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities, net of effects from acquisition: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable | 21227 | 18746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories | (7782) | (2380) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | (719) | 13947 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other assets | (2529) | (125) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | 5664 | (12914) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued liabilities | 10108 | 24081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued salaries and benefits | (12877) | (5095) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating lease liabilities | (83113) | (83952) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other long-term liabilities | 741 | 1294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash flows from operating activities | 410337 | 311295 |
| **Investing activities** |  |  |
| Purchases of property and equipment | (120319) | (108925) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash flows used in investing activities | (120319) | (108925) |
| **Financing activities** |  |  |
| Payments on revolving credit facilities |  | (125000) |
| Payments on finance lease liabilities | (644) | (542) |
| Repurchase of common stock | (292223) | (104488) |
| Payments of excise tax on repurchases of common stock | (2091) |  |
| Proceeds from exercise of stock options | 1224 | 3265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash flows used in financing activities | (293734) | (226765) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Decrease in cash, cash equivalents, and restricted cash | (3716) | (24395) |
| Cash, cash equivalents, and restricted cash at beginning of the period | 267213 | 203870 |
| Cash, cash equivalents, and restricted cash at the end of the period | $263497 | $179475 |

---

------

**<u>Non-GAAP Financial Measures</u>**

In addition to reporting financial results in accordance with accounting principles generally accepted in the United States ("GAAP"), the company presents EBITDA and EBIT. These measures are not in accordance with, and are not intended as alternatives to, GAAP. The company's management believes that this presentation provides useful information to management, analysts and investors regarding certain additional financial and business trends relating to its results of operations and financial condition. In addition, management uses these measures for reviewing the financial results of the company, and certain of these measures may be used as components of incentive compensation.

The company defines EBITDA as net income before interest expense, provision for income tax, and depreciation, amortization and accretion. The company defines EBIT as net income before interest expense and provision for income tax.

Non-GAAP measures are intended to provide additional information only and do not have any standard meanings prescribed by GAAP. Use of these terms may differ from similar measures reported by other companies. Because of their limitations, non-GAAP measures should not be considered as a measure of discretionary cash available to use to reinvest in the growth of the company's business, or as a measure of cash that will be available to meet the company's obligations. Each non-GAAP measure has its limitations as an analytical tool, and they should not be considered in isolation or as a substitute for analysis of the company's results as reported under GAAP.

The following table shows a reconciliation of EBIT and EBITDA to net income for the thirteen and twenty-six weeks ended June 29, 2025 and June 30, 2024:

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**SPROUTS FARMERS MARKET, INC. AND SUBSIDIARIES**

**NON-GAAP MEASURE RECONCILIATION**

**(UNAUDITED)**

**(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Thirteen weeks ended** | **Thirteen weeks ended** | **Twenty-six weeks ended** | **Twenty-six weeks ended** |
| | **June 29, 2025** | **June 30, 2024** | **June 29, 2025** | **June 30, 2024** |
| Net income | $133703 | $95289 | $313729 | $209389 |
| Income tax provision | 46084 | 32167 | 93314 | 65515 |
| Interest (income) expense, net | (431) | (139) | (1355) | 679 |
| Earnings before interest and taxes (EBIT) | 179356 | 127317 | 405688 | 275583 |
| Depreciation, amortization and accretion | 38444 | 33234 | 75264 | 67756 |
| EBITDA | $217800 | $160551 | $480952 | $343339 |

---

###

Source: Sprouts Farmers Market, Inc

Phoenix, AZ

7/30/25

## Exhibit 99.2

![](sfm-ex992001.jpg)

Sprouts Farmers Market Q2 2025 Earnings Deck July 30, 2025 Exhibit 99.2

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![](sfm-ex992002.jpg)

Forward-Looking Statements Certain statements in this presentation are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Any statements contained herein that are not statements of historical fact (including, but not limited to, statements to the effect that Sprouts Farmers Market or its management "anticipates," "plans," "estimates," "expects," or "believes," or the negative of these terms and other similar expressions) should be considered forward- looking statements, including, without limitation, statements regarding the company's outlook, growth, opportunities and long-term strategy. These statements involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this release. These risks and uncertainties include, without limitation, the company's ability to execute on its long-term strategy; the company's ability to successfully compete in its competitive industry; the company's ability to successfully open new stores; the company's ability to manage its growth; the company's ability to maintain or improve its operating margins; the company's ability to identify and react to trends in consumer preferences; product supply disruptions; equipment supply disruptions; general economic conditions that impact consumer spending or result in competitive responses; accounting standard changes; potential inflationary and/or deflationary trends; tariffs; and other factors as set forth from time to time in the company's Securities and Exchange Commission filings, including, without limitation, the company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The company intends these forward-looking statements to speak only as of the time of this release and does not undertake to update or revise them as more information becomes available, except as required by law. Non-GAAP Financial Measures We refer to adjusted gross profit, adjusted gross margin, EBIT, adjusted EBIT, adjusted EBIT Margin, and adjusted diluted earnings per share, each of which is a Non-GAAP Financial Measure. These measures are not prepared in accordance with, and are not intended as alternatives to, generally accepted accounting principles in the United States, or GAAP. The Company's management believes that such measures provide useful information to management, analysts and investors regarding certain additional financial and business trends relating to its results of operations and financial condition. In addition, management uses these measures for reviewing the Company's financial results, and certain of these measures may be used as components of incentive compensation. The Company defines adjusted gross profit as gross profit, excluding the impact of special items. Adjusted gross margin reflects adjusted gross profit divided by net sales for the applicable period. EBIT is defined as net income before interest expense and provision for income tax, and adjusted EBIT as EBIT, excluding the impact of special items. Adjusted EBIT Margin reflects adjusted EBIT, divided by net sales for the applicable period. The Company defines adjusted diluted earnings per share as diluted earnings per share excluding the impact of special items. Non-GAAP measures are intended to provide additional information only and do not have any standard meanings prescribed by GAAP. Use of these terms may differ from similar measures reported by other companies. Because of their limitations, non-GAAP measures should not be considered as a measure of discretionary cash available to use to reinvest in the growth of the Company's business, or as a measure of cash that will be available to meet the Company's obligations. Each non-GAAP measure has its limitations as an analytical tool, and you should not consider them in isolation or as a substitute for analysis of the Company's results as reported under GAAP. To the extent forward looking non-GAAP financial measures are provided herein, they are not reconciled to comparable forward-looking GAAP measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. 2

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Second Quarter 2025 Highlights Net Sales +17% Comps(1) +10.2% New Store Openings 12 Diluted EPS $1.35 EPS Growth(2) +44% Cash Generation $111M Share Repurchases(3) $73M 1. Comparable Store Sales 2. Reflects comparison of Q2 25 diluted EPS to Q2 24 diluted EPS 3. Excluding excise tax 3

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YTD 2025 Highlights Net Sales +18% New Store Openings 15 Cash Generation YTD $410M Share Repurchases(1) $292M 1. Excluding excise tax 4

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Second Quarter Sales Drivers • Balanced performance across categories, channels and geographies • Customers drawn to quality, fresh, innovative products rooted in healthy attributes • Compelling comparable sales in recent vintages • Traffic driving majority of comp • E-commerce growth across all partners • Tailwinds from healthy living & wellness trends 5

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Structurally Improved Margin Profile (1) Q2 23 gross margin is on an adjusted basis. See the Appendix to this presentation for a reconciliation of gross margin to adjusted gross margin (2) Q2 23 EBIT and EBIT margin are presented on an adjusted basis. See the Appendix to this presentation for a reconciliation of EBIT and EBIT margin to adjusted EBIT and adjusted EBIT margin. EBIT & EBIT MARGIN % (2) ($ in mm) GROSS MARGIN % (1) 36.4% 37.1% 37.9% 38.8% Q2 22 Q2 23 Q2 24 Q2 25 $87 $100 $127 $179 5.4% 5.9% 6.7% 8.1% Q2 22 Q2 23 Q2 24 Q2 25 6

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Strong Balance Sheet, Robust Cash Flows ($ in mm) 1. Capital expenditures are net of landlord reimbursement 2. Excluding excise tax Self Fund our Growth and Deliver Shareholder Value Through Ongoing Share Repurchase $46 $93 $89 $138 $111 $148 $104 $292 $209 $295 $311 $410 Cap Ex Share Repurchase Operating Cash Flow YTD Q2 22 YTD Q2 23 YTD Q2 24 YTD Q2 25 7 (1) (2)

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Expect to open at least 35 new stores Capex (net of landlord reimbursement) $230 million to $250 million Third Quarter 2025: Comp sales growth of 6.0% to 8.0% and diluted EPS $1.12 to $1.16 Total sales growth of 14.5% to 16.0% Comp sales growth of 7.5% to 9.0% Earnings before interest & taxes (EBIT) $675 million to $690 million Diluted earnings per share (EPS) $5.20 to $5.32 8 Full-Year 2025 Outlook

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Appendix

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Appendix SPROUTS FARMERS MARKET, INC. AND SUBSIDIARIES NON-GAAP MEASURE RECONCILIATION (UNAUDITED) (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) (1) For the thirteen weeks ended July 2, 2023, special items included approximately $2 million in cost of sales related to store closures and our supply chain transition. (2) For the thirteen weeks ended July 2, 2023, special items included approximately $4 million in selling, general and administrative expenses related to store closures, our supply chain transition and acquisition related costs, $2 million in Depreciation and amortization (exclusive of depreciation in cost of sales) for accelerated depreciation in connection with store closures and $2 million in cost of sales related to store closures and our supply chain transition. After-tax impact includes the tax benefit on the pre-tax charge. The following table shows a reconciliation of adjusted gross margin to gross margin, EBIT and adjusted EBIT to net income, adjusted EBIT margin to EBIT margin, as well as a reconciliation of adjusted net income and adjusted diluted earnings per share to net income and diluted earnings per share for the fiscal quarters ended June 29, 2025, June 30, 2024, July 2, 2023 and July 3, 2022 10 Thirteen Weeks Ended Thirteen Weeks Ended Thirteen Weeks Ended Thirteen Weeks Ended June 29, 2025 June 30, 2024 July 2, 2023 July 3, 2022 Net Sales $2,220,602 $1,893,519 $1,692,247 $1,595,482 Gross Profit $862,600 $718,365 $625,972 $580,357 Special Items — — 1,653 (1) — Adjusted gross profit 862,600 718,365 627,625 580,357 Gross margin 38.8 % 37.9 % 37.0 % 36.4 % Adjusted gross margin 38.8 % 37.9 % 37.1 % 36.4 % Net Income $133,703 $95,289 $67,334 $61,997 Income tax provision 46,084 32,167 22,142 21,855 Interest (income) expense, net (431) (139) 2,140 2,658 Earnings before interest and taxes (EBIT) 179,356 127,317 91,616 86,510 Special Items — — 8,115 (2) — Adjusted EBIT $179,356 $127,317 $99,731 $86,510 EBIT Margin 8.1 % 6.7 % 5.4 % 5.4 % Adjusted EBIT Margin 8.1 % 6.7 % 5.9 % 5.4 % Net Income $133,703 $95,289 $67,334 $61,997 Special Items, net of tax — — 5,971 (2) — Adjusted Net income $133,703 $95,289 $73,305 $61,997 Diluted EPS $1.35 $0.94 $0.65 $0.57 Adjusted Diluted EPS $1.35 $0.94 $0.71 $0.57 Diluted Weighted Average Shares Outstanding 98,774 101,196 103,514 109,619

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## Exhibit 99.3

![](sfm-ex993001.jpg)

SPROUTS FARMERS MARKET Investor Deck July 2025 Exhibit 99.3

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Forward-Looking Statements Certain statements in this presentation are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Any statements contained herein that are not statements of historical fact (including, but not limited to, statements to the effect that Sprouts Farmers Market, Inc. (the "Company") or its management "anticipates," "plans," "estimates," "expects," or "believes," or the negative of these terms and other similar expressions) should be considered forward-looking statements, including, without limitation, statements regarding the Company's outlook, growth, opportunities and long-term strategy. These statements involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this presentation. These risks and uncertainties include, without limitation, the Company's ability to execute on its long- term strategy; the Company's ability to successfully compete in its competitive industry; the Company's ability to successfully open new stores; the Company's ability to manage its growth; the Company's ability to maintain or improve its operating margins; the Company's ability to identify and react to trends in consumer preferences; product supply disruptions; equipment supply disruptions; general economic conditions that impact consumer spending or result in competitive responses; accounting standard changes; potential inflationary and/or deflationary trends; tariffs; and other factors as set forth from time to time in the Company's Securities and Exchange Commission filings, including, without limitation, the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The Company intends these forward-looking statements to speak only as of the time of this presentation and does not undertake to update or revise them as more information becomes available, except as required by law. We refer to adjusted gross profit, adjusted gross margin, EBIT, adjusted EBIT, adjusted EBIT Margin, and adjusted diluted earnings per share, each of which is a Non-GAAP Financial Measure. These measures are not prepared in accordance with, and are not intended as alternatives to, generally accepted accounting principles in the United States, or GAAP. The Company's management believes that such measures provide useful information to management, analysts and investors regarding certain additional financial and business trends relating to its results of operations and financial condition. In addition, management uses these measures for reviewing the Company's financial results, and certain of these measures may be used as components of incentive compensation. The Company defines adjusted gross profit as gross profit, excluding the impact of special items. Adjusted gross margin reflects adjusted gross profit divided by net sales for the applicable period. EBIT is defined as net income before interest expense and provision for income tax, and adjusted EBIT as EBIT, excluding the impact of special items. Adjusted EBIT Margin reflects adjusted EBIT, divided by net sales for the applicable period. The Company defines adjusted diluted earnings per share as diluted earnings per share excluding the impact of special items. Non-GAAP measures are intended to provide additional information only and do not have any standard meanings prescribed by GAAP. Use of these terms may differ from similar measures reported by other companies. Because of their limitations, non-GAAP measures should not be considered as a measure of discretionary cash available to use to reinvest in the growth of the Company's business, or as a measure of cash that will be available to meet the Company's obligations. Each non-GAAP measure has its limitations as an analytical tool, and you should not consider them in isolation or as a substitute for analysis of the Company's results as reported under GAAP. To the extent forward looking non-GAAP financial measures are provided herein, they are not reconciled to comparable forward-looking GAAP measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. Unless otherwise indicated, information included in this presentation is as of our 2024 fiscal year ended December 29, 2024. Non-GAAP Financial Measures 2

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OUR PURPOSE We help People Live and Eat Better 3

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SPROUTS' LONG-TERM STRATEGY OUR PURPOSE INVEST IN TECHNOLOGY FOR SCALEABLE GROWTH INSPIRE AND ENGAGE OUR TALENT TO MAKE SPROUTS A BEST PLACE TO WORK DELIVER ON KEY FINANCIAL METRICS EARNINGS GROWTH STORE EXPANSION SALES GROWTH OUR STRATEGY WIN WITH TARGET CUSTOMERS • Win health attributes, quality & fresh • Innovation leader via Sprouts Brand & Foraging • Service-driven store experience • Build omni-channel experience CUSTOMER ENGAGEMENT & PERSONALIZATION • Deepen understanding of target customers • Create value via personalization & loyalty • Grow awareness & acquisition MARKET EXPANSION • Add new stores, markets • More efficient, small box format to de-risk our growth • Accelerate new store performance CREATE AN ADVANTAGED SUPPLY CHAIN • Own and improve fresh distribution • Network expansion & efficiency • Increase local offering EXPANDING ROIC WE HELP PEOPLE LIVE AND EAT BETTER 4

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WHY INVEST IN SPROUTS FARMERS MARKET? DIFFERENTIATED ASSORTMENT Foraging for Innovation High-quality Sprouts Brand Curated & differentiated products TEAMS & CULTURE Strong executive team Talent engine Commitment to community & planet INCREDIBLE GROWTH OPPORTUNITY Plenty of white space Advantaged supply chain adding capacity for scale TARGET CUSTOMER FOCUS Attribute-driven Craves health & wellness Engagement opportunity HEALTHY FINANCIALS Strong box economics Structurally improved margins Robust cash flow Expanding ROIC UNIQUE STORE EXPERIENCE Produce at heart of store Friendly & knowledgeable teams Small stores – easy to shop Omnichannel option provides access 5

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DIFFERENTIATED ASSORTMENT Foraging for Innovation 6 • Innovation Center showcases new items monthly • More than 7,100 new items introduced in 2024

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Sprouts Brand Sales Penetration(1) • $1.7B in sales of Sprouts Brand Products in 2024 • 300 Sprouts Brand products launched in 2024 (1) Sprouts Brand Sales Penetration represents sales of Sprouts Brand products, as a percentage of total company sales. 7 DIFFERENTIATED ASSORTMENT High Quality Sprouts Brand

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>20% Vegan >30% non-GMO >45% organic >55% gluten-free >35% organic ~30% vegan >60% Non-GMO >50% organic >25% plant-based 100% cage-free or better eggs >45% gluten-free >40% Non-GMO >20% vegan ~ 25% organic >70% gluten-free >50% Non-GMO >40% vegan ~20% gluten-free >10% non-GMO ~25% organic >20% Kosher ~20% organic >15% non-GMO >50% of Beef sales are grass-fed 100% responsibly-sourced seafood 8 DIFFERENTIATED ASSORTMENT More than 70% of Products Sold are Attribute-Driven

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9 • Focus on natural and organic products (vs. CPG), a fast-growing channel of food at home • Emphasis on Target Customer segment • Huge opportunity to grow target customer share of wallet • Tailored marketing highlighting attributes & store experience • Innovation center with latest healthy trends • Revamped site selection model finding optimal locations for target customer convenience CONSUMERS SPEND $1.6T ON FOOD AT HOME (1) Sprouts' Target Customers (1) (1) Source 2019-2024 Consumer Research; Kantar IQ; Willard Bishop Food Retailing Reports; PG100 Reports; Euromonitor $290B TARGET CUSTOMER FOCUS Huge Opportunity

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• Continue to attract younger customers • Slightly higher educated • Skews higher income- less susceptible to economic downturn • Over half are married/relationship – typically dual income • Majority of ecommerce customers are omnichannel with higher share of wallet • Seeks high quality, lifestyle-friendly products, & differentiated assortment; pays greater attention to labels • Stronger interest in organics, fresh, less processed foods, sustainability • Willing to make more of an effort (to drive farther or to make an additional trip) to get the items that meet their needs & standards 10 TARGET CUSTOMER FOCUS Demographics: Consumer Who Craves Health & Wellness

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• Customers love shopping at Sprouts - they have unique needs and want differentiated products • Huge opportunity for further engagement: only 15% of customers were identifiable • Gathering more data allows us to better understand and serve our target customers: • Personalized experience • Product recommendation (hyper relevant) • Creates long-term customer stickiness • Loyalty customers come more often and spend more 2024 Started Loyalty Testing Q1 - Pilot More Stores Q2 – Technology Enhancement for Scale Q3 - Start Rollout Q4 - Scale to Chain First Loyalty Program To Launch in 2025: 2025 11 TARGET CUSTOMER FOCUS Opportunity for Further Engagement

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12 Hybrid produce buying model: centralized and regional teams allow us to offer the freshest product to our customers Meaningful farmer partnerships: delivers new varietals and ensures long-term supply at lower costs Increasingly locally sourced fresher produce, through new distribution channels Organic focused program - 46% of total produce sales are organic Produce priced below most in the marketplace UNIQUE STORE EXPERIENCE Farmers Market Feel & Produce at the Heart of the Store

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• Small size reinforces farmers' market appeal • Low profile layout enables customer interaction • CSAT Scores are best in company history • NPS scores at +61, with only 5% detractors(1) • Improved in-stocks • Ecomm penetration > 14% of sales(2) • Ecomm increases customer access: can shop wherever, whenever (1) Sprouts NPS study, August 2024 (2) Sprouts e-commerce penetration represents e-commerce sales as a percentage of total company sales. 13 UNIQUE STORE EXPERIENCE Friendly & Knowledgeable Team Members

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Potential for 1000+ stores from coast to coast 14 INCREDIBLE GROWTH OPPORTUNITY Plenty of White Space

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Improved Freshness for the Customer: • Took a day out of the inventory cycle Local: • Partnering with 170 local farmers representing more than 19% of total produce sales Benefits of Closer DCs: Efficiency • ~80% (and increasing) of stores within 250 miles of DC • Reduced total miles driven per store delivery by 7% Sustainability - launched RPCs (reusable plastic containers) for wet produce SKUs to reduce waste Service – achieved 99% controllable on time delivery to stores Optimizing our Supply Chain: Creating DC capacity to support future growth: • Transitioning fresh meat & seafood to self-distribution • Exploring DC expansions, as well as Northeast and Midwest locations 15 INCREDIBLE GROWTH OPPORTUNITY Advantaged fresh supply chain: Distribution Centers (DCs) within 250 miles of the majority of stores

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16 TEAMS AND CULTURE Executive Management Team with Leading Grocery & Retail Experience Jack Sinclair Chief Executive Officer since 2019 Curtis Valentine Chief Financial Officer since 2024 (joined SFM in 2015) Scott Neal Chief Merchandising Officer since 2022 (joined SFM in 2020) Dustin Hamilton Chief Stores Officer since 2023 (joined SFM in 2021) Dave McGlinchey Chief Development Officer since 2022 (joined SFM in 2017) Brandon Lombardi Chief Legal Officer & Chief Sustainability Officer since 2012 Kim Coffin Chief Forager since 2022 (joined SFM in 2012) Joe Hurley Chief Supply Chain Officer since 2023 (joined SFM in 2019) James Bahrenburg Chief Technology Officer since 2023 Timmi Zalatoris Chief Human Resources Officer since 2023 (joined SFM in 2017) Nick Konat President & Chief Operating Officer since 2022 Alisa Gmelich Chief Marketing Officer since 2022

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• $30M in bonuses paid to field team members • $23M in savings for team members with store discount WE CARE WE OWN ITWE LOVE BEING DIFFERENT 17 TEAMS AND CULTURE Three Simples Values at the Heart of our Strong Culture

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In 2024: • 3,300 New jobs created • 33,200 Leadership training hours delivered • $20.59/hr Average pay rate for store team members • 54% Store Manager positions filled with internal candidates 18 TEAMS AND CULTURE Creating a Talent Engine to Support our Growth

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• 71% landfill diversion rate • 70M pounds of food recovered through donation, animal feed, and composting programs • 60% of sales of products with a social or environmental attribute • 30% of total sales from Organic products • 2% intensity reduction in carbon emissions per square foot, against our 25% reduction target by 2033 Sprouts Healthy Communities Foundation: • 5 Million estimated students nationwide educated at Growing School Gardens Summit • $4 Million invested in hyper-local grants to 578 nonprofit organizations and schools focused on school garden education and health and wellness programs 19 TEAMS AND CULTURE Commitment to Community & Planet at Sprouts in 2024

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Attractive New Store Economics ~10%-unit growth(2) Low single digit comps Stable EBIT Margins off a Higher Base Low Double-Digit Earnings Growth and Expansion of ROIC (1) These are targets and not projections; they are subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of the Company and its management, and are based on assumptions with respect to future decisions, which may be subject to change. Actual results may vary and the variances may be material. Nothing in this presentation should be regarded as a representation that these targets will be achieved and the Company undertakes no duty to update its targets. See "Forward-Looking Statements." (2) Expect to open at least 35 new stores in 2025 20 HEALTHY FINANCIALS Long-term Strategic Financial Targets(1)

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EBITDA MARGINS • Break even year 1 • Grows to a blended ~8% EBITDA Margins over the next 4 years CASH INVESTMENT • $3.8M average new store build including CapEx, Inventory and Pre-opening expenses 1. These are targets and not projections; they are subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of the Company and its management, and are based on assumptions with respect to future decisions, which may be subject to change. Actual results may vary and the variances may be material. Nothing in this presentation should be regarded as a representation that these targets will be achieved and the Company undertakes no duty to update its targets. See "Forward- Looking Statements." SALES • Box opens on average at $13M in year 1 annual sales • Grows 20% to 25% over next the next 4 years CASH ON CASH RETURN • Low to mid thirties by year 5 21 HEALTHY FINANCIALS New stores' Strong Performance: Four Wall Box Target Economics(1)

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(1) These are targets and not projections; they are subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of the Company and its management, and are based on assumptions with respect to future decisions, which may be subject to change. Actual results may vary and the variances may be material. Nothing in this presentation should be regarded as a representation that these targets will be achieved and the Company undertakes no duty to update its targets. See "Forward-Looking Statements." See the Appendix to this presentation for a reconciliation of EBIT margin to the comparable GAAP figure. KEY COMP DRIVERS • Tailored marketing: to target customer and regions • Enhanced in-store events • Innovative, differentiated products • Omnichannel offering • Customer engagement – loyalty • New store comp tailwind – partially offset by cannibalization MARGIN STABILITY + Supply chain optimization + Inventory Management + Fixed cost leverage as we scale + Labor productivity and cost management - Headwinds from ecommerce and new store growth 22 HEALTHY FINANCIALS Low Single-digit Comps Targets & Stable EBIT Margins(1)

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(1) See the Appendix to this presentation for a reconciliation of Adjusted Diluted Earnings Per Share to diluted Earnings Per Share and Adjusted EBIT margin to EBIT margin 23 NET SALES ($ in mm) ADJUSTED DILUTED EARNINGS PER SHARE ADJUSTED EBIT MARGIN HEALTHY FINANCIALS Stronger Foundation: Strategic Initiatives Taking Hold(1)

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Self Fund our Growth and Deliver Shareholder Value through Ongoing Share Repurchase Program 1. Capital expenditures are net of landlord reimbursement 2. Excluding excise tax (1) (2) 24 HEALTHY FINANCIALS Strong Balance Sheet, Robust Cash Flows

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(1) ROIC is a non-GAAP measure defined as net operating profit after taxes divided by average invested capital. See the Appendix to this presentation for a reconciliation of ROIC to net income. 25 HEALTHY FINANCIALS Improving ROIC(1): Smart Investments Driving Strong Returns

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Sprouts delivers a unique farmers market experience: bringing together passionate, knowledgeable team members, and the best assortment of high-quality food 26 We Help People Live and Eat Better

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APPENDIX 27

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SPROUTS' STRATEGY MILESTONES 2024202320222020/2021 Customer Store Format Supply Chain Team Financials • E-commerce Boom • Change in Promotional Strategy • Positive Traffic • Sprouts Brand reaches > $1B sales • Foraging Team • Ecommerce – added Doordash • Innovation Center • Ecommerce reaches >$1B in sales; added UberEats • Loyalty program test • Created smaller go-forward 23K sq ft store format • Revamp RE site selection process • 16 new stores • Implement small store format stores • 30 new stores – high single-digit growth • 33 new stores • Added new state of Wyoming • Scott Neal - Chief Merchant • Nick Konat - President, COO • Alisa Gmelich - Chief Marketing • Jim Bahrenburg - CTO • Curtis Valentine - CFO • Dustin Hamilton - Chief Stores Officer • New DCs: Florida & Colorado • Implemented inventory management process & systems • Improved shrink by leveraging new systems • GM improved by 300 bps over 2019 due to promotional strategy changes • Double-digit EPS growth • Comp acceleration begins as strategy takes hold • Comps over 3% • Double-digit EPS growth • GM improved 330 bps over 2019 • Comps 7.6% • Zero debt on revolver • Revenue growth 13% • EPS growth 32% • EBIT margin +260 bps over 2019 • New Southern CA DC and expand TX DC 28

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APPENDIX SPROUTS FARMERS MARKET, INC. AND SUBSIDIARIES NON-GAAP MEASURE RECONCILIATION (UNAUDITED) (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) The following table shows a reconciliation of adjusted gross margin to gross margin, EBIT and adjusted EBIT to net income, adjusted EBIT margin to EBIT margin, as well as a reconciliation of adjusted net income and adjusted diluted earnings per share to net income and diluted earnings per share for the fiscal ended December 29, 2024, December 31, 2023, January 1, 2023 and December 29, 2019 (1) Includes approximately $3 million in Cost of sales related to store closures and our supply chain transition. (2) Includes approximately $28 million in store closure and other costs, net primarily related to impairment charges and $6 million in Depreciation and amortization (exclusive of depreciation in cost of sales) for accelerated depreciation in connection with store closures, $9 million in selling, general and administrative expenses related to stores closures, our supply chain transition and acquisition-related costs, and $3 million in Cost of sales related to store closures and our supply chain transition. After-tax impact includes the tax benefit on the pre-tax charge. (3) Includes direct costs associated with store closures or relocations. After-tax impact includes the tax benefit on the pre-tax charge. . 29

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APPENDIX The following table shows a reconciliation of ROIC to net income for the Company's 2021, 2022, 2023 and 2024 fiscal years SPROUTS FARMERS MARKET, INC. AND SUBSIDIARIES NON-GAAP MEASURE RECONCILIATION (UNAUDITED) (IN MILLIONS) (1) Net income amounts represent total net income for the past four trailing quarters. (2) Special items related to 2023 store closure costs, supply chain transition, acquisition charges. (3) Net of tax amounts are calculated using the normalized effective tax rate for the period presented. (4) 2024, 2023, 2022 and 2021 estimated interest on operating leases is calculated by multiplying operating leases b a 7.0%, 7.2%, 7.1%, 6.7% discount rate, respectively, for each lease recorded as rent expense with direct store expense. (5) 2024, 2023, 2022 & 2021 average operating lease represents the average net present value of outstanding lease obligations over the past four trailing quarters. 30

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