Sprouts reports Q3 miss and cuts outlook as traffic weakens
+1 new source since this summary was written
Sprouts Farmers Market reported third-quarter 2026 net sales of $2.3 billion, up 5% year over year, while comparable-store sales fell 0.9% and diluted EPS was $1.21. The company opened 15 stores, bringing its total to 504, but expects fourth-quarter comparable-store sales to decline 2.0% to 4.0% and diluted EPS of $0.47 to $0.51. Sprouts expects full-year 2026 sales growth of approximately 4.3%, comparable-store sales of approximately negative 1.7% and diluted EPS of approximately $4.80, while planning a national pricing reset in January.
Why it matters
The weaker sales outlook and lower fourth-quarter earnings range reduce expected near-term performance for investors. Sprouts said it will increase affordability investments, cut prices on selected products during the fourth quarter and introduce a rebuilt national pricing strategy in January.
Key facts
- 1Third-quarter net sales were $2.3 billion, a 5% increase from the same period in 2025, while comparable-store sales were (0.9)%. stocktitan.net
- 2Diluted third-quarter earnings per share were $1.21, compared with $1.22 in the same period in 2025. stocktitan.net
- 3Sprouts opened 15 new stores during the quarter and ended it with 504 stores in 25 states. stocktitan.net
- 4Fourth-quarter guidance calls for comparable-store sales of (2.0)% to (4.0)% and diluted earnings per share of $0.47 to $0.51. stocktitan.net
- 5Full-year 2026 guidance calls for net sales growth of approximately 4.3%, comparable-store sales of approximately (1.7)%, and diluted earnings per share of approximately $4.80. stocktitan.net
- 6The company plans to launch a rebuilt national pricing strategy in January after reducing prices on healthy and holiday staples during the fourth quarter. finance.yahoo.com
Open questions
- Revenue estimates differ across materials, with one citing $2.34 billion and another citing $2.33B.
- Reported after-hours share-price declines differ across materials, ranging from 15% to 21.6%.
Summary written by AlphAI AI Desk from 9 of 9 sources. Not investment advice. Figures are as stated by the linked sources.