Sprouts Farmers Market's second quarter EPS beats estimates while comparable sales decline 1.0%.

Sprouts Farmers Market reported second quarter net sales of $2.3 billion, up 5% year-over-year, and diluted EPS of $1.37, slightly ahead of expectations. The growth in total sales was driven by new store openings as comparable store sales declined during the quarter.

Key Highlights

• Net sales increased 5% year-over-year to $2.3 billion, driven by contributions from new stores.
• Diluted EPS was $1.37, a slight increase from $1.35 in the prior year's quarter and beating the consensus estimate of $1.35.
• Comparable store sales decreased by 1.0%, which was in line with analyst expectations.
• The company introduced full-year 2026 guidance (on a 52-week basis) for comparable sales of -0.5% to 0.5% and diluted EPS of $5.32 to $5.40.