April 29th, 2026

Total sales of $2.3 billion in Q1, up $93 million or 4% year-over-year, driven by strong new store performance.

E-commerce sales grew 10% year-over-year and represented approximately 16% of total quarterly sales, contributing to omnichannel customer engagement.

Sprouts brand grew faster than the rest of the business and represented more than 26% of total sales; organic products were a major driver with >55% of produce sales organic and organic products representing over 34% of total sales.

Launched ~1,500 new items year-to-date, including notable innovations (e.g., Regenerative Organic Certified Coffee, Seed Oil-free Hummus), reinforcing Sprouts as a preferred launch partner for emerging health & wellness brands.

Opened 6 new stores in Q1 (ended quarter with 483 stores across 25 states) including entry into New York; pipeline of nearly 150 approved new stores and more than 105 executed leases; plan to open at least 40 new stores in 2026.

Self-distribution of meat is nearly complete with Northern California distribution center on track to open in Q2; self-distribution benefits partially offset margin headwinds in Q1.

Generated $235 million in operating cash flow in Q1; net capex (net of landlord reimbursements) $98 million; returned $140 million to shareholders via repurchases (1.9M shares) with $696 million remaining under the $1 billion authorization.

Maintained 2026 52-week total sales growth guidance of 4.5%–6.5% and comp guidance of -1% to +1%; increased diluted EPS outlook to $5.32–$5.48 (assumes at least $300M in repurchases); expected full-year EBIT of $675M–$695M.

Loyalty program scaling with positive customer response to earned model and multipliers; vendor participation strong and management expects vendor-funded programs and personalization to ramp through the year.