Sprouts Farmers Market's third quarter revenue of $2.3B beat estimates despite a 0.9% comparable sales decline

Sprouts Farmers Market reported third quarter 2026 revenue of $2.3 billion, surpassing expectations even as comparable store sales turned negative. Results were impacted by a challenging consumer environment and a cyclospora disruption, leading to a slight miss on consensus earnings per share and a significant divergence from projected traffic growth.

Key Highlights

• Comparable store sales declined 0.9% for the quarter, missing the analyst expectation of 4.5% growth.
• Total net sales grew 5% year-over-year to $2.3 billion, supported by a record 15 new store openings during the period.
• Full-year 2026 guidance was set at approximately 4.3% sales growth and a 1.7% contraction in comparable store sales on a 52-week basis.
• The company maintained a strong liquidity position, ending the quarter with $229 million in cash and zero debt on its revolving credit facility after repurchasing $89 million in stock.