Sprouts Farmers Market posted Q2 net sales of $2.3 billion, up 5% from the year-earlier quarter; comparable store sales fell 1 percentage point to -1%.
Diluted EPS edged up to $1.37; net income declined to $129.2 million.
Opened seven stores, lifting the footprint to 490 across 25 states; ended the quarter with $224 million in cash and cash equivalents.
Repurchased 900,000 shares for $70 million; Jack Sinclair cited a cautious consumer backdrop, strong new-store performance, and progress in foraging and innovation.
Forecast Q3 diluted EPS of $1.20 to $1.24; reaffirmed full-year outlook on a 52-week basis, projecting net sales growth of 5.5% to 6.5%.
SFM•
