2024 First Quarter Earnings Highlights

Net Sales $1.9 Billion
Diluted EPS $1.12
Comparable Store Sales 4%
414 stores in 23 states as of March 31, 2024 7 New Stores in Q1
Share Repurchases 958 thousand shares for $60 million
Cash Flow from Operations $220 million
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"We were pleased with our impressive financial results this quarter, with strength in comparable store sales, traffic, and ecommerce. These outcomes highlight the effectiveness of our strategy and the exceptional execution by our team members across the country. We are reinforcing our position as a leading specialty food retailer as we build new stores in line with our growth plans.”

Jack Sinclair
CEO

INVESTOR RELATIONS INTERVIEW WITH CFO CURTIS VALENTINE

Corporate Overview

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 31,000 team members and operates more than 400 stores in 23 states nationwide. To learn more about Sprouts, and the good it brings communities, visit about.sprouts.com.

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