Strong Revenue and Earnings Growth
Total sales were $2.2 billion, up 17% compared to last year. Diluted earnings per share reached $1.35, reflecting a 44% increase compared to last year.
Significant Comparable Store Sales Growth
Comparable store sales increased by 10.2%, with robust new store performance.
Expansion of E-Commerce
E-commerce sales grew 27%, representing approximately 15% of total sales for the quarter.
Brand Contribution and Gross Margin Improvement
Sprouts brand contributed 24% to total sales. Gross margin increased by 91 basis points to 38.8%.
Successful New Store Openings
Opened 12 new stores, ending the quarter with 455 stores across 24 states.
Loyalty Program Launch
The Sprouts Reward loyalty program launched in Arizona, showing promising early results.
Strategic Supply Chain Improvements
Progress in self-distribution for meat and seafood, aiming for increased control and reduced operational risk.
Strong Financial Position
Generated $410 million in operating cash flow and returned $292 million to shareholders through share repurchases.