Filing Flows › Sprouts Farmers Market (SFM) › Q1 2026
Sprouts Farmers Market (SFM) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Sprouts Farmers Market (SFM) reported revenue of $2.3B for the first quarter 2026 (Q1 2026), +4% from a year earlier and +8% from the quarter before. Operating margin was 9.2%, net earnings $164M (7.0% of revenue).
Sprouts Farmers Market, Q1 2026: revenue $2.3B (+4% year over year), operating margin 9.2%, net earnings $164M, operating cash flow $235M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.3B | +8% | +4% |
| Gross profit | $917M | +12% | +3% |
| Operating profit | $215M | +75% | -5% |
| Net earnings | $164M | +82% | -9% |
| Operating cash flow | $235M | +70% | -21% |
| Free cash flow | $134M | +102% | -44% |
What changed
Revenue was $2.3B in Q1 2026, up 4% year over year and up 8% from the previous quarter. Perishables was the largest line at 57% of revenue. Perishables added $0.05B year over year (up 4%), 51% of the total change.
Gross margin was 39.4%, down 0.3 points from Q1 2025. Operating profit was $0.22B, a 9.2% margin (down 0.9 points year over year). Operating profit fell $0.01B even though revenue rose $0.09B versus Q1 2025, so costs grew faster than sales. Operating expenses grew 6% against revenue growth of 4%. The fastest-growing cost line was Other operating costs (+17%). Net earnings were $0.16B, down 9% year over year. The effective tax rate was 24.0%.
Operating cash flow was $0.24B (down 21% year over year), 144% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.02B. Capital expenditures of $0.10B left free cash flow of $0.13B.
Questions
What was Sprouts Farmers Market's revenue in the first quarter 2026?
Sprouts Farmers Market (SFM) reported revenue of $2.3B for the first quarter 2026 (Q1 2026), +4% from a year earlier and +8% from the quarter before.
Was Sprouts Farmers Market profitable in the first quarter 2026?
Operating profit was $215M (9.2% of revenue) and net earnings $164M.